ISSN:
1573-7101
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract This paper presents a self-contained survey of club theory with an emphasis on the contributions of the last fifteen years. Club goods are contrasted with pure public goods, and equilibrium and optimality notions are contrasted. After presenting three basic representations of club theory, we focus on recent advances and generalizations that include heterogeneous memberships, transaction costs, uncertain utilization, asymmetric information, and noncompetitive influences. An agenda for research is indicated that includes further analysis of asymmetric information, institutional structure, and applications.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1017952723093
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