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Jordà, Òscar - 2019

Interest rates in major advanced economies have drifted down and in greater unison over the past few decades. A country's rate of interest can be thought of as reflecting movements in the global neutral rate of interest, the domestic neutral rate, and the stance of monetary policy. Only the...

Persistent link: https://www.econbiz.de/10012862855

The Free Rider Problem : A Dynamic Analysis

Battaglini, Marco - 2012

We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and...

Persistent link: https://www.econbiz.de/10013108603

Gun for Hire : Does Delegated Enforcement Crowd Out Peer Punishment in Giving to Public Goods?

Andreoni, James - 2011

vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism …

Persistent link: https://www.econbiz.de/10013125564

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte; Kunreuther, Howard - 2021

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this … paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner … specified probabilistically under a transparent information condition. In particular, we study two types of punishment …

Persistent link: https://www.econbiz.de/10013224395

Collective Action in an Asymmetric World

Chen, Cuicui - 2016

Solution or the Lindahl Equilibrium to proceed to the Pareto frontier. We apply our theory to climate change mitigation, a …

Persistent link: https://www.econbiz.de/10012992148

Green Clubs

Van't Veld, Klaas - 2014

club theory and the free-riding externality familiar from the theory on private provision of public goods. We compare three …

Persistent link: https://www.econbiz.de/10013068871

The Political Economy of Public Debt : A Laboratory Study

Battaglini, Marco - 2016

This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …

Persistent link: https://www.econbiz.de/10012986701

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis N. - 2018

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012920474

Procrastination in Teams

Gans, Joshua - 2016

Naively present-biased agents are known to be severe procrastinators. In team settings, procrastination can represent a form of free-riding that, in excess, can jeopardize a team's ability to meet a deadline. Here we show how naivete and present bias, despite their reputations, can be desirable...

Persistent link: https://www.econbiz.de/10013001202

Conforming and Non-Conforming Peer Effects in Vaccination Decisions

Bodine-Baron, Elizabeth - 2013

Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These models show that private vaccination rates are always below the social optimal and even large subsidies cannot achieve disease eradication. In this paper, we build a model where...

Persistent link: https://www.econbiz.de/10013074645