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production and conflict model. Six economics examples illustrate the unrealistic implications of rent seeking analysis. …
Persistent link: https://www.econbiz.de/10010594205
This paper presents a model of international environmental agreements in which cooperation between asymmetric countries can arise through pure self-interest. It demonstrates how emissions trading creates economic surplus by exploiting asymmetries. This surplus can be distributed via the...
Persistent link: https://www.econbiz.de/10011099773
We investigate how burden sharing rules impact the voluntary provision of a public good which generates heterogeneous benefits to agents. We compare different rule-based contribution schemes where agents can first suggest a minimum provision level of the public good, before the smallest common...
Persistent link: https://www.econbiz.de/10011261612
This paper examines how a religious festival (Ramadan) and the degree of religiosity affect cooperation and costly punishment in a public goods experiment. We find significantly higher cooperation levels outside the festival among less religious people. This behavior is consistent with a...
Persistent link: https://www.econbiz.de/10011263450
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors' provisions. We present a proof of the existence and uniqueness of a Nash equilibrium for general networks and best-reply...
Persistent link: https://www.econbiz.de/10011263570
We experimentally investigate how different information about others’ individual contributions affects conditional cooperators’ willingness to cooperate in a one-shot linear public goods game. We find that when information about individual contributions is provided, contributions are...
Persistent link: https://www.econbiz.de/10011264260
This article considers the performance of countries at the Olympic Games as a public good. Firstly, it is argued that, at the national level, Olympic success meets the two key conditions of a public good: non-rivalry and non-excludability. Secondly, it is demonstrated that standard income...
Persistent link: https://www.econbiz.de/10011078553
In this paper we analyze how biased lotteries can be used to overcome the free-riding problem in voluntary public good provision. We characterize the optimal combinations of bias and lottery prize and the conditions that guarantee efficient public good provision in equilibrium.
Persistent link: https://www.econbiz.de/10011116204
Economic interactions often take place in open communities, where agents are free to leave in order to join a more preferred community. Tiebout (1956) conjectured that “voting with feet” might generate considerable efficiency gains, since individuals with different preferences sort...
Persistent link: https://www.econbiz.de/10011117646
Our paper investigates framing effects in a large-scale public good experiment. We measure indicators of explanations previously proposed in the literature, which when combined with the large sample, enable us to estimate a structural model of framing effects. The model captures potential causal...
Persistent link: https://www.econbiz.de/10011117655