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The standard public goods experiment involves linear payoffs in which the unique Nash equilibrium is at the lower boundary, i.e., full free riding. Contributions in these experiments tend to decline toward the Nash equilibrium in most treatments, but contributions persist even after as many as...
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influences the supply of amenities and local public goods. Pollution, congestion, and the quality of public education are …
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. Conditions under which strategies are substitutes are identified for a two-stage game with supply function competition and … capacity constrained producers. -- supply function equilibrium ; forward market ; strategic contracting ; arbitrage ; strategic …
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Open source software (OSS) is a public good. A self-interested individual would consider providing such software, if the benefits he gained from having it justified the cost of programming. Nevertheless each agent is tempted to free ride and wait for others to develop the software instead. This...
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