Efficiency in a forced contribution threshold public good game

We contrast and compare three ways of predicting efficiency in a forced contribution threshold public good game. The three alternatives are based on ordinal potential, quantal response and impulse balance theory. We report an experiment designed to test the respective predictions and find that impulse balance gives the best predictions. A simple expression detailing when enforced contributions result in high or low efficiency is provided.

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Year of publication:	2015-03
Authors:	Cartwright, Edward ; Stepanova, Anna
Institutions:	School of Economics, University of Kent
Subject:	Public good \| threshold \| impulse balance theory \| quantal response \| forced contribution \| ordinal potential

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Extent:	application/pdf
Series:	Studies in Economics. - ISSN 1466-0814.
Type of publication:	Book / Working Paper
Classification:	C72 - Noncooperative Games ; H41 - Public Goods ; C92 - Laboratory; Group Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011268247