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The Free Rider Problem: a Dynamic Analysis

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NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17926
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资源简介:
We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and in
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2012-03-01
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