Showing 1 - 3 of 3
Does the hypothesis of 'love for (group) efficiency' account for subjects' over-contribution in public good games? By using data from a VCM experiment with heterogeneous endowments and asymmetric information, we estimate a quantal response equilibrium (QRE) extension of a model in which subjects...
Persistent link: https://www.econbiz.de/10008599091
We experimentally study the effects of common fate on voluntary contributions to linear public goods. In each period, earnings are assigned to subjects according to the outcome of a lottery. We manipulate the level of common fate across treatments by varying the degree of harmony in the lottery...
Persistent link: https://www.econbiz.de/10005583485
The main findings of the theory on the private provision of public goods under the assumptions of identical individuals and normality of both the public good and private consumption are that: 1) there exists a unique Nash equilibrium pattern of contributions in which everybody contributes the...
Persistent link: https://www.econbiz.de/10005583486