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This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10009427088
Theoretical models have had difficulties to account, at the same time, for the most important stylized facts observed in experiments of the Voluntary Contribution Mechanism. A recent approach tackling that gap is Arifovic and Ledyard (2012), which implements social preferences in tandem with an...
Persistent link: https://www.econbiz.de/10011569202
Behavioural economics highlights the role of social preferences in economic decisions. Further, populations are heterogeneous, suggesting that the composition of social preference types within a group may impact the ability to sustain voluntary public goods contributions. We conduct agent-based...
Persistent link: https://www.econbiz.de/10013048689
A profit-maximizing auctioneer can provide a public good to at most one of a number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to each group, which is not commonly known. We investigate an auction mechanism...
Persistent link: https://www.econbiz.de/10014065955
This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10010332251
In this paper I examine the influence which a population of different behavioral types may have on the provision of public goods. In particular, the population or subject pool consists of three behavioral types: myopic selfish agents, enlightened selfish agents and ethically motivated agents. I...
Persistent link: https://www.econbiz.de/10009374777
In this paper we develop a differentiable approach to deal with incentives in a, possibly small, subset of a general domain of preferences in economies with one public and one private good. We show that, for two agents, there is no mechanism which is efficient, strategy-proof and where...
Persistent link: https://www.econbiz.de/10013011958
during the actual experiment. …
Persistent link: https://www.econbiz.de/10012062305
Since social dilemmas among n-persons are often embedded in other types of social exchanges, the exclusion of defectors in social dilemmas from other exchanges functions as a costless selective incentive. Recently, such “linkage” has been considered as a promising solution to resolve the...
Persistent link: https://www.econbiz.de/10012015567
This paper studies the profile of cooperation emerging in a context in which agents may choose to join one of two groups or stay on their own, in a world where similarity across peers matters. In particular, we investigate the role of heterogeneity in individual contributions, of the level of...
Persistent link: https://www.econbiz.de/10013100138