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Persistent link: https://www.econbiz.de/10011752036
In this paper we analyze the optimal interplay between the publie and private enforceement of property rights. In doing so we endogenize the distinction between public and club goods on the one and private and common-pool goods on the other hand. The private enforcement of property rights is...
Persistent link: https://www.econbiz.de/10010318860
In this paper we analyze the optimal degree of centralization for the supply of public goods. We identify the reliance on an exclusion mechanism as a central feature of the decentralized provision of public goods. An exclusion mechanism induces a contest between users of the public goods who...
Persistent link: https://www.econbiz.de/10010318964
We examine the strategy-proof provision of excludable public goods when agents care not only about the level of provision of a public good, but also the number of consumers. We show that on such domains strategy- proof and efficient social choice functions satisfying an outsider independence...
Persistent link: https://www.econbiz.de/10005135135
laboratory binary choice minimum-effort coordination game, we randomly assign participants to three treatments: starting and … simple, voluntary mechanism to promote successful coordination when the capacity to impose sanctions is limited. …
Persistent link: https://www.econbiz.de/10009353632
laboratory binary choice minimum-effort coordination game, we randomly assign participants to three treatments: starting and … simple, voluntary mechanism to promote successful coordination when the capacity to impose sanctions is limited. …
Persistent link: https://www.econbiz.de/10010580351
goods, such as free-riding. We find that stock dispersion among pension funds, the amount of noise traders, coordination …
Persistent link: https://www.econbiz.de/10003459382
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/10008823173
Persistent link: https://www.econbiz.de/10009305969
Persistent link: https://www.econbiz.de/10010511629