The importance of long-term public finance sustainability in the context of current financial crisis is still seen as one of the basic factors of economic stability. Demographic development resulting in higher percentage of people in retirement age versus economically active people is one of the...

Voluntary contribution mechanism to public goods is one of the traditional types of economic experiments. The article summarizes the results of series of experiments that have been conducted with several groups of Czech university students. Using the threshold mechanism the impact of several...

This paper deals with the effects of introducing adequate punishment opportunities in experiments with public goods. Decentralized punishment means that the contributing subjects have a possibility to sanction free riders without the intervention of an external authority. The very first...