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Public goods experiments are notable in that they produce an array of systematic treatment effects that are inconsistent with the predictions of standard game theory. In response, theorists have proposed alternative models designed to explain these interesting (and often intuitive) patterns in...
Persistent link: https://www.econbiz.de/10014023557
One of the basic findings in public good provision experiments via the voluntary contribution mechanism is that subjects contribute a considerable amount of their initial holdings to the provision of a public good even when no contribution is the dominant strategy. On the other hand, there are...
Persistent link: https://www.econbiz.de/10014023562