Sol, Emmanuel; Thoron, Sylvie; Willinger, Marc - LAboratoire Montpelliérain d'Économie Théorique et … - 2007
We investigate whether "binding agreements" can provide a solution to the social dilemma that arises in the presence of pure public goods. Signing a binding agreement can prevent players to free ride on the contributions to the public good. However, a well known theoretical result is that the...