Showing 11 - 20 of 2,040
This paper experimentally examines a procedurally fair provision mechanism allowing members of a small community to determine, via their bids, which of four alternative public projects to implement. Previous experiments with positive cost projects have demonstrated that the mechanism is...
Persistent link: https://www.econbiz.de/10009784119
This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects ́costs can be negative. The experimental results indicate that the...
Persistent link: https://www.econbiz.de/10009792166
Persistent link: https://www.econbiz.de/10009296716
Persistent link: https://www.econbiz.de/10009513973
Based on an axiomatically derived provision rule allowing community members to endogenously determine which, if any, public project should be provided, we perform experiments where (i) not all parties benefit from provision, and (ii) the projects' "costs" can be negative. In the tradition of...
Persistent link: https://www.econbiz.de/10009567095
Persistent link: https://www.econbiz.de/10011296487
Persistent link: https://www.econbiz.de/10003121503
Persistent link: https://www.econbiz.de/10003032840
Persistent link: https://www.econbiz.de/10010188450
Persistent link: https://www.econbiz.de/10003731255