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We model a dynamic public good contribution game, where players are (naturally) formed into groups. The groups are exogenously placed in a sequence, with limited information available to players about their groups' position in the sequence. Contribution decisions are made by players...
Persistent link: https://www.econbiz.de/10014284491
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010398540
contributed." This mechanism offers agents risk-free strategies, which we call unexploitable. We prove that if agents choose … laboratory experiment to investigate whether observed behavior is consistent with this prediction. In the complete information …
Persistent link: https://www.econbiz.de/10012109314
is predicted to emerge in their action commitment extended game. We then report a laboratory experiment designed to …
Persistent link: https://www.econbiz.de/10010277464
report a laboratory experiment based on these extended games. We find that behavior is similar in the two extended games …
Persistent link: https://www.econbiz.de/10010277509
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10010317090
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10010325392
This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10010332251
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10010262078
We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In environments without aggregate uncertainty, the provision point is always reached in...
Persistent link: https://www.econbiz.de/10010316819