Lévy-Garboua, Louis; Villeval, Marie Claire; … - Institute for the Study of Labor (IZA) - 2007
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...