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Nielsen, Ulrik H.; Tyran, Jean-Robert; Wengström, Erik - In: Economics Letters 122 (2014) 2, pp. 136-139

We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...

Persistent link: https://www.econbiz.de/10011041884

Tariffs that may fail to protect: A model of trade and public goods

Biswas, Rajit - Volkswirtschaftliche Fakultät, … - 2014

This paper develops a model of small open economy, with a differentiated goods sector and voluntary provisioning of public good. It is shown that trade policy can alter the quantity of public good provided in the equilibrium. Interestingly, tariffs may fail to protect, leading to a Metzler...

Persistent link: https://www.econbiz.de/10011108357

Electricity supply security: Cost efficiency of providing security and diversified consumer level

Klinge Jacobsen, Henrik; Jensen, Stine Grenaa - Volkswirtschaftliche Fakultät, … - 2009

. We examine if this can be modified allowing for creation of security markets, which can be justified by welfare gains …. From a welfare perspective it is possible that security levels are too high and obtained with too high costs. An efficiency … and in network maintenance. Secondarily, a consumer defined level of security might improve welfare. Finally, different …

Persistent link: https://www.econbiz.de/10011108392

A Strategic market game approach for the private provision of public goods

Faias, Marta; Moreno, Emma; Wooders, Myrna - Volkswirtschaftliche Fakultät, … - 2009

Bergstrom, Blume and Varian (1986) provides an elegant game-theoretic model of an economy with one private good and one public good. Strategies of players consist of voluntary contributions of the private good to public good production. Without relying on first order conditions, the authors...

Persistent link: https://www.econbiz.de/10011108853

Basic education as a human right redux

Willmore, Larry - Volkswirtschaftliche Fakultät, … - 2008

The Universal Declaration of Human Rights promises free elementary education and free choice of schools to children and their parents. International fora emphasise the first right while neglecting the second. This essay examines arguments for limiting school choice and finds each of them to be...

Persistent link: https://www.econbiz.de/10011108960

Cursed beliefs with common-value public goods

Cox, Caleb - Volkswirtschaftliche Fakultät, … - 2014

I show how improper conditioning of beliefs can lead to under-contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who...

Persistent link: https://www.econbiz.de/10011109699

The Unique Informational Effciency of the Lindahl Allocation Process in Economies with Public Goods

Tian, Guoqiang - Volkswirtschaftliche Fakultät, … - 2001

This paper investigates the informational requirements of resource allocation processes in public goods economies with any number of firms and commodities. We show that the Lindahl mechanism is informationally effcient in the sense that it uses the smallest message space among smooth resource...

Persistent link: https://www.econbiz.de/10011109875

Can public goods experiments inform policy? Interpreting results in the presence of confused subjects

Cotten, Stephen J.; Ferraro, Paul J.; Vossler, Christian A. - Volkswirtschaftliche Fakultät, … - 2005

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Persistent link: https://www.econbiz.de/10011109983

Divided Loyalists or Conditional Cooperators? Creating Consensus about Cooperation in Multiple Simultaneous Social Dilemmas

McCarter, Matthew; Samek, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2014

The current social dilemma literature lacks theoretical consensus regarding how individuals behave when facing multiple simultaneous social dilemmas. The divided-loyalty hypothesis, from organizational theory, predicts that cooperation will decline as individuals experience multiple social...

Persistent link: https://www.econbiz.de/10011110225

Public goods and the hold-up problem under asymmetric information

Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013

An agent can make an observable but non-contractible investment. A principal then offers to collaborate with the agent to provide a public good. Private information of the agent about his valuation may either decrease or increase his investment incentives, depending on whether he learns his type...

Persistent link: https://www.econbiz.de/10011111541