Thoron, Sylvie; Sol, Emmanuel; Willinger, Marc - In: Journal of Public Economics 93 (2009) 11-12, pp. 1271-1282
We investigate experimentally whether "binding agreements" can provide a solution to the social dilemma that arises in the presence of pure public goods. Signing a binding agreement can prevent players from free riding on the contributions to the public good. However, a well known theoretical...