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finds an optimal mechanism for the private provision of a public service in an environment without monetary transfers. All … others. The optimal mechanism is a threshold rule that assigns the task randomly among volunteers if enough volunteers come …
Persistent link: https://www.econbiz.de/10011798914
Media content is an important privately supplied public good. While it has been shown that contributions to a public good crowd out other contributions in many cases, the issue has not been thoroughly studied for media markets yet. We show that in a standard model of commercial media bias,...
Persistent link: https://www.econbiz.de/10015433893
Media content is an important privately supplied public good. While it has been shown that contributions to a public good crowd out other contributions in many cases, the issue has not been thoroughly studied for media markets yet. We show that in a standard model of commercial media bias,...
Persistent link: https://www.econbiz.de/10014422558
Media content is an important privately supplied public good. While it has been shown that contributions to a public good crowd out other contributions in many cases, the issue has not been thoroughly studied for media markets yet. We show that in a standard model of commercial media bias,...
Persistent link: https://www.econbiz.de/10014416218
that the mechanism in which players' contributions are not refunded is generically suboptimal …
Persistent link: https://www.econbiz.de/10012726475
We report results from experiments designed to investigate the prevalence of turn-taking in three-person finitely repeated threshold public good games without communication. Individuals can each make a discrete contribution. If the number of contributors is at least equal to the threshold, a...
Persistent link: https://www.econbiz.de/10012963870
Consider a mechanism for the binary public good provision problem that is dominant strategy incentive compatible (DSIC … agents then any such mechanism must have a threshold (or fixed cost-sharing) form, in which there is a fixed threshold for …
Persistent link: https://www.econbiz.de/10012997757
Individual contributions to public goods can be framed in absolute or relative metrics. We examine the effects of asymmetric framing and informational feedback on contributions when group members are heterogeneously endowed. We develop a reference-dependent theory in which the absolute or...
Persistent link: https://www.econbiz.de/10013215506
Using rebate rules to facilitate public goods provision has become a common practice for many social, economic, and environmental issues. This paper explores the effect of both non-endogenous and endogenous rebate rules on threshold-public goods provision in large groups. We follow the...
Persistent link: https://www.econbiz.de/10014078778
We reconsider Laussel and Palfrey's (2003) analysis of private provision of a discrete public good via the subscription game. We show that the equilibria they define as semi-regular do not exist. Taking players' values for the public good as uniformly distributed on [vl, vh] with vl 0, we...
Persistent link: https://www.econbiz.de/10014050790