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This paper studies public good provision in the laboratory using voluntary contribution mechanism, in a cross-cultural experiment conducted in the United States and Japan.
Persistent link: https://www.econbiz.de/10005486472
Economic theory predicts that it is impossible to have cooperation in finitely repeated games such as a prisoner's dilemma game without communication. In an experiment on a voluntary participation game with a non-excludable public good that is a version of a Hawk-Dove game, we obderved that...
Persistent link: https://www.econbiz.de/10005639202
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...
Persistent link: https://www.econbiz.de/10005639214
Persistent link: https://www.econbiz.de/10005639226
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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...
Persistent link: https://www.econbiz.de/10008602862
Persistent link: https://www.econbiz.de/10008602897
Persistent link: https://www.econbiz.de/10008602922