arXiv subjects

Renaud Foucart

Publications and source records attributed to Renaud Foucart.

2 recordsLinked to original sources

arXiv2024

Efficient Public Good Provision Between and Within Groups

We generalize the model of Gallice and Monzon (2019) to incorporate a public goods game with groups, position uncertainty, and observational learning. Contributions are simultaneous within groups, but groups play sequentially based on their observation of an incomplete sample of past contributions. We show that full cooperation between and within groups is possible with self-interested players on a fixed horizon. Position uncertainty implies the existence of an equilibrium where groups of players conditionally cooperate in the hope of influencing further groups. Conditional cooperation implies that each group member is pivotal, so that efficient simultaneous provision within groups is an equilibrium.

econ.TH↗

arXiv2016

Comeback kids: an evolutionary approach of the long-run innovation process

We provide a theoretical framework to understand when firms may benefit from exploiting previously abandoned technologies and brands. We model for the long run process of innovation, allowing for sustainable diversity and comebacks of old brands and technologies. We present two extensions to the logistic and Lotka-Volterra equations, which describe the diffusion of an innovation. First, we extend the short-term competition to a long-term process characterized by a sequence of innovations and substitutions. Second, by allowing the substitutions to be incomplete, we extend the one-dimensional process to a tree-form multidimensional one featuring diversification throughout the long-term development.

econ.GN↗