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Persistent link: https://www.econbiz.de/10012240925
We study the dynamics of the private provision of a public good that requires both capacity buildup and ongoing operating costs. We show that setting a time limit for the collection of contributions dedicated to capacity buildup minimizes the utility loss at the Nash equilibrium. We test the...
Persistent link: https://www.econbiz.de/10010413626
Persistent link: https://www.econbiz.de/10011640501
We study the dynamics of the private provision of a public good that requires both capacity buildup and ongoing operating costs. We show that setting a time limit for the collection of contributions dedicated to capacity buildup minimizes the utility loss at the Nash equilibrium. We test the...
Persistent link: https://www.econbiz.de/10013045067
We conduct a contribution game for a real public good and show that when the contributors value the real public good highly, they increase their contributions in each round. Thus, contrary to previous literature, free riding decreases over rounds and the end-game effect is reversed. -- public...
Persistent link: https://www.econbiz.de/10009727615