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Contributing or free-riding? Voluntary participation in a public good economy
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the provision costs. The FRP-Core is always nonempty in public goods economies but does not usually achieve global efficiency. The FRP-Core has support from both cooperative and noncooperative games. Indoi:10.3982/te567 fatcat:enxzfff5wjc7hmhif6pbrv46ce