The private provision of public goods (PPPG) is still one of the most fascinating puzzles in economics. Underpredicted by standard economic theory but outrightly evident in empirical evidence, its presence opened doors for new methods to enter the economist's toolkit and helped birthing the...

Überarb. Beitr. eines Großteils der Vorträge, gehalten während zweier Sitzungen des Ausschusses "Wirtschaftswissenschaften und Ethik" im Verein für Socialpolitik vom 12. bis 14. Februar 1998 an der Univ. Erlangen/Nürnberg und vom 25. bis 27. Februar 1999 an der FernUniv. Hagen

The first essay “Informational Asymmetries in Laboratory Asset Markets with State-Dependent Fundamentals” investigates the formation of market prices in a new experimental setting involving multi-period call-auction asset markets. In this paper, we are particularly interested in two...

This volume brings together 8 previously unpublished papers dealing with various modes of allocating jointly consumable goods (i.e. public goods). The issues covered range from voluntary contributions and price exclusion (market allocation) to positive and normative analyses of different...