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The Provision Point Mechanism with Reward Money

Zubrickas, Robertas - 2013

We modify the provision point mechanism by introducing reward money, which is distributed among the contributors in … without aggregate uncertainty, the mechanism not only ensures allocative efficiency but also distributional. At a specific … valuations. The advantages of the mechanism are also demonstrated for collective action problems …

Persistent link: https://www.econbiz.de/10013086030

On the Voluntary Provision of Public Goods with Private Information : The Case of 'Weakest-Link' Public Goods

Barbieri, Stefano - 2014

We examine the private provision of a public good whose level is determined by the least contribution of individual group members. Nash equilibrium can be efficient when the game is one of full information. This paper introduces private information about the costs of effort and characterizes...

Persistent link: https://www.econbiz.de/10013055272

Optimal Income Taxation and Public Goods Provision in a Large Economy with Aggregate Uncertainty

Bierbrauer, Felix - 2009

priori unknown. The analysis is based on a mechanism design approach that imposes a requirement of robustness with respect to …

Persistent link: https://www.econbiz.de/10013158141

Procrastination and projects

Külpmann, Philipp - 2015

In this paper I analyze a dynamic moral hazard problem in teams with imperfect monitoring in continuous time. In the model, players are working together to achieve a breakthrough in a project while facing a deadline. The effort needed to achieve such a breakthrough is unknown but players have a...

Persistent link: https://www.econbiz.de/10011304680

Public-good provision with macro uncertainty about preferences : efficiency, budget balance, and robustness

Hellwig, Martin - 2021

mechanism of d'Aspremont and Gérard-Varet is shown to implement an effi cient provision rule with budget balance. However, first … mechanism is independent of the stochastic specification within the class of specifications defined by the structure of the …-Groves mechanism converges to zero in probability when the number of participants becomes large. In the limit, with a continuum of …

Persistent link: https://www.econbiz.de/10012657865

Imperfect Public Monitoring with Costly Punishment - An Experimental Study

Ambrus, Attila - 2011

This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in long finitely repeated public good contribution games. In a perfect monitoring environment increasing the severity of the potential punishment monotonically increases both...

Persistent link: https://www.econbiz.de/10013118506

Alternative Rebate Rules in Enhancing Large-Group Threshold Public Goods Provision : Experimental Investigation Via Belief and Conditional Strategy

Li, Zhi; Wang, Yun; Yan, Jubo - 2022

Using rebate rules to facilitate public goods provision has become a common practice for many social, economic, and environmental issues. This paper explores the effect of both non-endogenous and endogenous rebate rules on threshold-public goods provision in large groups. We follow the...

Persistent link: https://www.econbiz.de/10014078778

It's Your Turn : Experiments with Three-Player Public Good Games

Riyanto, Yohanes E. - 2017

We report results from experiments designed to investigate the prevalence of turn-taking in three-person finitely repeated threshold public good games without communication. Individuals can each make a discrete contribution. If the number of contributors is at least equal to the threshold, a...

Persistent link: https://www.econbiz.de/10012963870

Cooperation in Social Dilemmas Through Position Uncertainty

Gallice, Andrea - 2019

We present a natural environment that sustains full cooperation in one-shot social dilemmas among a finite number of self-interested agents. Players sequentially decide whether to contribute to a public good. They do not know their position in the sequence, but observe the actions of some...

Persistent link: https://www.econbiz.de/10012901935

A Group Public Goods Game with Position Uncertainty

Anwar, Sakib; Bruno, Jorge; SenGupta, Sonali - 2022

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/10014237520