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Despite a large theoretical and empirical literature on public goods and common-pool resources, a systematic comparison of these two types of social dilemmas is lacking. In fact, there is considerable confusion about these two types of dilemma situations. As a result, they are often treated...
Persistent link: https://www.econbiz.de/10010323965
The analysis of common goods needs to look very carefully at the characteristics of the goods and of the social situations of their provision. Different characteristics lead to different strategic constellations and therefore to different opportunities for institutional solutions to the problems...
Persistent link: https://www.econbiz.de/10010324020
We run a public good experiment in the field and in the lab with (partly) the same subjects. The field experiment is a true natural field experiment as subjects do not know that they are exposed to an experimental variation. We can show that subjects' behavior in the classic lab public good...
Persistent link: https://www.econbiz.de/10010333884
We use a simple balanced budget contest to collect taxes on a private good in order to ?nance a pure public good. We show that-with an appropriately chosen structure of winning probabilities-this contest can provide the public good efficiently and without distorting private consumption. We...
Persistent link: https://www.econbiz.de/10010333921
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010352109
Questions remain as to whether results from experimental economics games are generalizable to real decisions in non-laboratory settings. Furthermore, important questions persist about whether social capital can help solve seemingly missing credit markets. I conduct two experiments, a Trust game...
Persistent link: https://www.econbiz.de/10010369258
National reductions of CO2 emissions as a way to manage unilaterally the use of global environmental resources can be interpreted as the noncooperative provision of an international public good. This paper analyses two basic sources of inefficiency if countries abate their emissions...
Persistent link: https://www.econbiz.de/10010397955
We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure conflict identification and self-control. As predicted, we...
Persistent link: https://www.econbiz.de/10010427625
We characterise the entire set of symmetric stationary Markov-perfect Nash equilibria (MPE) in a differential game of public good investment, using the canonical problem of climate change as an example. We provide a sufficient and necessary condition for MPE and show how the entire set of MPE is...
Persistent link: https://www.econbiz.de/10012233982