alternative aggregation tech for pure public goods Flashcards
summation: public good levels must equal the sum of individual contributors
i.e. curbing global warming, reducing lake pollution CHICKEN (if b-c
weakest link: only smallest effort determines the public good level
i.e. limiting terrorist funding, tracking diffusion of a disease, ASSURANCE, matching behavior with optimal results if agents possess identical tastes and income
weaker link: provision levels above the minimum add progressively less to the overall level of the public good
eliminating pests, educating the public about disease transmission VARIANTS OF ASSURANCE outcomes in addition to matching behavior. Some undersupply is anticipated in many cases
Threshold: good must surpass the threshold for benefits to be received
peacekeeping, fire suppression ASSURANCE, threshold often reached and outcome may be near to optimal
Best shot: only the largest effort determines the public good level
discovering cures for diseases, infiltrating a criminal network COORDINATION, results may give efficient outcomes, esp, when leader nation w/ sufficient resources exists
Better shot: effort below the largest adds progressively less to public good level
polio vaccine, developing treatment regimes VARIANTS OF COORDINATION, undersupplied or efficiently supplied
weighted sum: each contribution can have a different additive impact
reducing acid rain, monitoring the planet from dif. vantage points. WIDE VARIETY OF GAME FORMS wide var. of outcome poss. suboptimality less of a concern.