Showing 1 - 10 of 17,548
We present a new and simple mechanism for repeated public good environments. In the Conditional Contribution Mechanism … contributed." This mechanism offers agents risk-free strategies, which we call unexploitable. We prove that if agents choose … Contribution Mechanism show that the CCM leads to significantly higher contribution rates. Even under incomplete information …
Persistent link: https://www.econbiz.de/10012104827
use a mechanism design approach to solve for the optimal utilitarian provision rule. The relevant incentive constraints …
Persistent link: https://www.econbiz.de/10010374864
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
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
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
mechanism of d’Aspremont and Gérard-Varet is shown to implement an efficient 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/10013322513
form a reasonable set of predictions for mechanism selection in public goods problems; such predictions are sufficiently …
Persistent link: https://www.econbiz.de/10012847322
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
Previous work has found that in social dilemmas, the selfish always free-ride, while others will cooperate if they expect their peers to do so as well. Outcomes may thus depend on conditional cooperators’ beliefs about the number of selfish types. An early round of the game may be played...
Persistent link: https://www.econbiz.de/10003955221
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