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Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution …
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in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our …
Persistent link: https://www.econbiz.de/10011327522
Groves-Ledyard (1977) constructed a mechanism attaining Pareto efficient allocations in the presence of public goods. After this path-breaking paper, many mechanisms have been proposed to attain desirable allocations with public goods. Thus, economists have thought that the free-rider problem is...
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