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We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010899359
Persistent link: https://www.econbiz.de/10005443443
field experiments were conducted. In the first experiment, a charity focusing on poverty reduction solicited donations from …. In the second field experiment, the same charity sent direct mail solicitations to individuals who had not previously … effective than not identifying the name of the matching donor. The first experiment demonstrates that the matching grant …
Persistent link: https://www.econbiz.de/10011133242
A vast recent literature has stressed social fragmentation's negative impact on the provision of public goods. This is a key issue, given that public goods availability has been reckoned as crucial to economic development, while developing countries' societies often exhibit high degrees of...
Persistent link: https://www.econbiz.de/10010738478
We evaluate the impact of three auction mechanisms--the Becker-DeGroot-Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA)--in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the...
Persistent link: https://www.econbiz.de/10010898536
This paper provides an explanation of the emergence of the standars textbook definition of public goods in the middle of the 20th century. It focuses on Richard Musgrave's contribution in defining public goods as non-rival and non-excludable - from 1939 to 1969. Although Samuelson's mathematical...
Persistent link: https://www.econbiz.de/10011026084
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to analyze the simultaneous equilibrium in all...
Persistent link: https://www.econbiz.de/10010750449
Persistent link: https://www.econbiz.de/10005795267
The executive summary reports on major findings from a survey conducted among a random sample of 1,054 Singaporeans and Permanent Residents aged 18 to 65. Focus is on views of public policies in three areas, namely, political participation, social capital and trust and provision of public goods...
Persistent link: https://www.econbiz.de/10008500545