Showing 21 - 24 of 24
This paper proposes a simple two-stage mechanism to establish positive contributions to public goods in the absence of powerful institutions to provide the public good and to sanction free-riders. In this mechanism players commit to the public good by paying a deposit prior to the contribution...
Persistent link: https://www.econbiz.de/10012726914
This paper considers the endogenous formation of an institution to provide a public good. If the institution governs only its members, players have an incentive to free ride on the institution formation of others and the social dilemma is simply shifted to a higher level. Addressing this...
Persistent link: https://www.econbiz.de/10014175554
This paper considers the problem of private provision of intertemporal public goods with stock effects and shows how the deposit based solution proposed in Gerber and Wichardt (2009) can be modified to apply to this case
Persistent link: https://www.econbiz.de/10014192658
This paper considers the endogenous formation of an institution to provide a public good. If the institution governs only its members, players have an incentive to free ride on the institution formation of others and the social dilemma is simply shifted to a higher level. Addressing this...
Persistent link: https://www.econbiz.de/10013315935