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Strategic Interacti...
Strategic Interaction with Altruism : The Economics of Fait Accompli
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- Lindbeck, Assar (författare)
- Stockholms universitet,Institutet för internationell ekonomi
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- Weibull, Jörgen W. (författare)
- Stockholms universitet,Institutet för internationell ekonomi
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(creator_code:org_t)
- Stockholm : IIES, 1987
- Engelska 46 s.
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Serie: Seminar Paper / Institute for International Economic Studies, Stockholm University, 0347-8769 ; 376
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Abstract
Ämnesord
Stäng
- The present paper analyzes the strategic and intertemporal insteraction between two well-informed economic agents, who have more or less "altruistic" preferences vis-à-vis each others. The agents may be two individuals, a social bureau and a client, or two units in an organization, etc. It is shown that the presence of altruism in such situations easily leads to socially inefficient outcomes, in which one economic agent "free-rides" on the other's altruism. In the paper, a formal definition of free-riding is suggested, and necessary and sufficient conditions are given for it to occur in subgame perfect equilibrium. We also discuss how such free-riding might be mitigated by social security systems.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)