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Open source software (OSS) is a public good. A self-interested individual would consider providing such software, if the benefits he gained from having it justified the cost of programming. Nevertheless each agent is tempted to free ride and wait for others to develop the software instead. This...
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eigennützig spielen. Die Auswirkungen verschiedener, aus der sozio-ökonomischen Theorie entlehnter Verhaltensmodelle in …
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When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 experiment based on a game in the first stage of...
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, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be …
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