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We analyze the supply of a public good that can be privately produced at costs smaller than the benefits. Without a coordinating mechanism, the selection of a volunteer poses a social dilemma. By varying two conditions, we obtain four scenarios. First, we distinguish whether or not players...
Persistent link: https://www.econbiz.de/10010827373
Many interesting situations of public good provision such as a bystander's decision to help a victim, a committee member's decision to veto, or a company's decision to develop innovative products can be described by the volunteer's dilemma (VOD). The authors analyze a variant of the VOD in which...
Persistent link: https://www.econbiz.de/10010827429
Persistent link: https://www.econbiz.de/10010812915