Showing 1 - 10 of 57
We consider the classic puzzle of why people turn out for elections in substantial numbers even though formal analysis strongly suggests that rational agents would not vote. If one assumes that voters do not make systematic mistakes, the most plausible explanation seems to be that agents receive...
Persistent link: https://www.econbiz.de/10005752736
Many local public goods are provided in coalitions. When coalitions form they may have the power to exclude members. The core applies to such cases. When coalitions cannot exclude members, all who prefer the provided public good can join. The no-exodus equilibrium is proposed for such cases. It...
Persistent link: https://www.econbiz.de/10010665526
In a family context with endogenous timing, multiple public goods and alternative parental instruments, we show that the optimal timing for the sequential-action game played by rotten kids and a parent depends crucially on whether the kids are homogeneous or heterogeneous. For homogeneous kids,...
Persistent link: https://www.econbiz.de/10011615888
In this paper we examine voluntary contributions to a public good when the timing of contributions is endogenously determined by contributors, focusing on the simple quasi-linear setting with two players (Varian, 1994). We show that the move order that is predicted to emerge is sensitive to how...
Persistent link: https://www.econbiz.de/10010277464
In this paper we examine voluntary contributions to a public good, embedding Varian (1994)'s voluntary contribution game in extended games that allow players to choose the timing of their contributions. We show that predicted outcomes are sensitive to the structure of the extended game, and also...
Persistent link: https://www.econbiz.de/10010277509
In a family context with endogenous timing, multiple public goods and alternative parental instruments, we show that the optimal timing for the sequential-action game played by rotten kids and a parent depends crucially on whether the kids are homogeneous or heterogeneous. For homogeneous kids,...
Persistent link: https://www.econbiz.de/10011602726
if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …
Persistent link: https://www.econbiz.de/10010334331
if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …
Persistent link: https://www.econbiz.de/10011577030
the threshold mechanism the impact of several factors (experience, communication and the form of experiment) on voluntary … cooperate voluntarily in situations that favour free riding. Threshold is a traditional part of (mostly American) charitable …
Persistent link: https://www.econbiz.de/10009352635
if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …
Persistent link: https://www.econbiz.de/10005626675