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We run a series of experiments in which subjects have to choose their level of contribution to a pure public good. Our design differs from the standard public good game with respect to the decision procedure. Instead of deciding simultaneously in each round, subjects are randomly ordered in a...
Persistent link: https://www.econbiz.de/10008793492
We investigate whether "binding agreements" can provide a solution to the social dilemma that arises in the presence of pure public goods. By signing a binding agreement, players can prevent free riding by the contributors to a public good. However, a well known theoretical result is that the...
Persistent link: https://www.econbiz.de/10008794746