Showing 1 - 10 of 9,262
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10003923234
For the past century, electric utilities and grid operators have both owned and operated resources to maintain the reliability of the grid. This reliability has been controlled through investments in generation, transmission, and distribution assets. Today, a growing number of previously passive...
Persistent link: https://www.econbiz.de/10014035774
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10013149366
In a novel experimental design we study public good games with dynamic interdependencies. Each agent's income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address new questions regarding their...
Persistent link: https://www.econbiz.de/10010409781
While inequality in resource endowments has been shown to affect cooperation levels in groups, much of this evidence comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of payoff-irrelevant inequality in resources between groups on...
Persistent link: https://www.econbiz.de/10014500522
We compare voluntary contributions to the financing of a public good in a symmetric setting to those in asymmetric settings, in which four players have different, randomly allocated endowments. We observe that a weak asymmetry in the endowment distribution leads to the same contribution level as...
Persistent link: https://www.econbiz.de/10010410644
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10009230686
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10013129910
This paper investigates how the heterogenous incomes and preferences of potential donors affect the timing of contribution decisions when it is endogenously determined by contributors themselves. More specifically, we use a simple setting with two donors, Cobb-Douglas preferences, and complete...
Persistent link: https://www.econbiz.de/10012892149
We explore how leadership affects a dynamic public goods game. Using an experimental setting where cooperation gains can be reinvested, our findings suggest that leadership has a positive impact on final wealth of the groups. Additionally, we also observe that leadership has a positive effect on...
Persistent link: https://www.econbiz.de/10012897774