alternative aggregation tech for pure public goods Flashcards

1
Q

summation: public good levels must equal the sum of individual contributors

A

i.e. curbing global warming, reducing lake pollution CHICKEN (if b-c

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2
Q

weakest link: only smallest effort determines the public good level

A

i.e. limiting terrorist funding, tracking diffusion of a disease, ASSURANCE, matching behavior with optimal results if agents possess identical tastes and income

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3
Q

weaker link: provision levels above the minimum add progressively less to the overall level of the public good

A

eliminating pests, educating the public about disease transmission VARIANTS OF ASSURANCE outcomes in addition to matching behavior. Some undersupply is anticipated in many cases

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4
Q

Threshold: good must surpass the threshold for benefits to be received

A

peacekeeping, fire suppression ASSURANCE, threshold often reached and outcome may be near to optimal

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5
Q

Best shot: only the largest effort determines the public good level

A

discovering cures for diseases, infiltrating a criminal network COORDINATION, results may give efficient outcomes, esp, when leader nation w/ sufficient resources exists

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6
Q

Better shot: effort below the largest adds progressively less to public good level

A

polio vaccine, developing treatment regimes VARIANTS OF COORDINATION, undersupplied or efficiently supplied

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7
Q

weighted sum: each contribution can have a different additive impact

A

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.

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