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This chapter discusses that the subjects differ in social value orientation as measured in the pre-test. This chapter also describes that the contributions in the first periods of the public good game are positively correlated to the value orientation. The success of social interaction in the...
Persistent link: https://www.econbiz.de/10014023558
This chapter hypothesizes that any short-run failure of markets to clear depends upon buyers knowing that increased profits result from higher prices. In the absence of this knowledge buyers may give in quickly to the equilibrating tendencies of the market. The chapter suggests that fairness' in...
Persistent link: https://www.econbiz.de/10014023641
The experiments reported in this chapter test comparative statics predictions of models of reciprocity and altruism … other settings altruism may indeed play a role in an individual's decision. However, in the public goods provision setting … discussed here, comparative statics of individual's decisions are more consistent with theories of reciprocity than of altruism. …
Persistent link: https://www.econbiz.de/10014023564
contribution toward a public good that benefits all individuals equally. The chapter focuses on the most common type of experiment …
Persistent link: https://www.econbiz.de/10014023557
This chapter discusses that redistributing resource endowments from people who contribute to public goods to other people who contribute to public goods will have no effect on the aggregate contributions to public goods. However, redistribution from non-contributors to contributors will result...
Persistent link: https://www.econbiz.de/10014023559
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
experiment. …
Persistent link: https://www.econbiz.de/10014023565
A large group of experimentalists have analyzed the nature of free riding in the context of so-called public exchanges, a laboratory device for investigating the consequences of various aspects of non-rivalry in consumption related to voluntary public goods. However, there have been few attempts...
Persistent link: https://www.econbiz.de/10014023568
The presence of public goods seriously challenges traditional or natural solutions for the allocation of private goods. Important policy questions, of whether this chapter can rely on the market to provide optimal amounts of public goods such as air pollution, and how much we can rely on natural...
Persistent link: https://www.econbiz.de/10014023580
is not mutually consistent given the incentives of the experiment. Widely discussed examples are the salience of …
Persistent link: https://www.econbiz.de/10014023589