FEEM working papers "Note di lavoro" series
1999 .058

A "Tragedy of the Clubs": Excess Entry in Exclusive Coalitions

Authors: Paola Manzini, Marco Mariotti
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Clubs,Coalition formation,Multiperson bargaining
JEL n.: C78,D71
JEL: Journal of Public Economic Theory
Pages: Vol. 4(1), pp. 115-136
Date: 2002


We model club formation as a non-cooperative game of coalition formation and surplus division. We show how social norms and individual rationality sustain a particular form of collective inefficiency, namely excessive entry in the joint production and exploitation of an excludable good. We term this phenomenon the "tragedy of the clubs". The tragedy of the clubs is a pervasive equilibrium phenomenon.

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