Showing 1 - 10 of 659,830
Persistent link: https://www.econbiz.de/10009517230
We present a new and simple mechanism for repeated public good environments. In the Conditional Contribution Mechanism (CCM), agents send two message of the form, "I am willing to contribute x units to the public good if in total y units are contributed." This mechanism offers agents risk-free...
Persistent link: https://www.econbiz.de/10012104827
Persistent link: https://www.econbiz.de/10008747035
Persistent link: https://www.econbiz.de/10003550217
Persistent link: https://www.econbiz.de/10003791769
Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...
Persistent link: https://www.econbiz.de/10008697050
This paper analyses the private provision of public goods where agents interact within a fixed network structure and may benefit only from their direct neighbours' provisions. We survey the literature and then generalise the public goods in networks model of Bramoullé and Kranton (2007) to...
Persistent link: https://www.econbiz.de/10011856863
Persistent link: https://www.econbiz.de/10003510708
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10009506418
Persistent link: https://www.econbiz.de/10011490290