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In the experiments, subjects were split in two groups of 6 individuals, named yellow and blue. Each subject had to decide whether or not to buy a token. The price of a token (i.e., the cost of participation) was common knowledge and equal for everyone. The number of tokens bought in each group...
Persistent link: https://www.econbiz.de/10014023552
This chapter discusses the cooperation in voluntary contributions mechanism (VCM) experiments. The chapter presents various experiments using a new method for collecting data from voluntary contributions mechanism environments. The main virtue of the design is that it makes it possible to...
Persistent link: https://www.econbiz.de/10014023560
The step-level public good game differs strategically from the linear public good game. In the one-shot linear public good game the dominant strategy is not to contribute. In the one-shot step-level public good game multiple Nash equilibria exist. An inefficient Nash equilibrium involves nobody...
Persistent link: https://www.econbiz.de/10014023561