Marco Battaglini

@battaglini.bsky.social

M

In the Volunteer Dilemma, more players can reduce the chance of success—yet paradoxically, per capita utility still always rises. But inefficiency per person vanishes slower than 1/n, so aggregate inefficiency grows without bound!

Journal of Public Economics@jpube.bsky.social · last yr.

Just published in @jpube.bsky.social "Welfare in the volunteer’s dilemma" By @battaglini.bsky.social & Thomas Palfrey www.sciencedirect.com/science/arti... #econsky