Abstract
As in public good provisions, in a public bad situation such as abatement, the non cooperative interplay of the participants typically results in low levels of quantities (provision or abatement). In a simple class of n-person quadratic games, we show how Coarse Correlated Equilibria (CCEs), using simple mediation devices, can significantly outperform Nash equilibrium outcomes in terms of a stated policy objective.
Original language | English |
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Journal | Review of Economic Design |
Early online date | 04 Apr 2022 |
DOIs | |
Publication status | Early online date - 04 Apr 2022 |