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We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the … good induce sufficient contributions. Importantly, the mechanism not only ensures allocative efficiency but also … proportion of their private valuations. The advantages of the mechanism are also demonstrated for collective action problems …
Persistent link: https://www.econbiz.de/10009747301
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.
Persistent link: https://www.econbiz.de/10010337703
Consider a mechanism for the binary public good provision problem that is dominant strategy incentive compatible (DSIC …), ex-post individually rational (EPIR), and ex-post budget balanced (EPBB). Suppose this mechanism has the additional … property that the utility from participating in the mechanism to the lowest types is zero for all agents. Such a mechanism must …
Persistent link: https://www.econbiz.de/10011435962
pieces of evidence support our model of quality signals as a key mechanism through which matching gifts inspire donors to …
Persistent link: https://www.econbiz.de/10013091272
We report results from experiments designed to investigate the prevalence of turn-taking in three-person finitely repeated threshold public good games without communication. Individuals can each make a discrete contribution. If the number of contributors is at least equal to the threshold, a...
Persistent link: https://www.econbiz.de/10012963870
A novel laboratory experiment is used to show that mismatching between task preferences and task assignment undermines worker productivity and leads to free riding in teams. We elicit task preferences from all workers. Workers' endogenous sorting into tasks significantly improves productivity...
Persistent link: https://www.econbiz.de/10012844502
that the mechanism in which players' contributions are not refunded is generically suboptimal …
Persistent link: https://www.econbiz.de/10012726475
We present a natural environment that sustains full cooperation in one-shot social dilemmas among a finite number of self-interested agents. Players sequentially decide whether to contribute to a public good. They do not know their position in the sequence, but observe the actions of some...
Persistent link: https://www.econbiz.de/10012901935
fundraising experiments as well as a survey experiment, we argue this is consistent with a quality signal mechanism. Alternative …
Persistent link: https://www.econbiz.de/10012852731