Konishi, Hideo; Furusawa, Taiji - Department of Economics, Boston College - 2008
, public good provision level, and its cost-sharing. The definition of the FRP-Core is based on credibility of coalitional … deviations. The FRP-Core is always nonempty in public good economy but does not usually achieve global efficiency. The FRP … level of public good shrinks to zero as the economy is replicated. …