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This paper studies information transmission between multiple agents with different preferences and a welfare maximizing decision maker who chooses the quality or quantity of a public good (e.g. provision of public health service; carbon emissions policy; pace of lectures in a classroom) that is...
Persistent link: https://www.econbiz.de/10005086755
Persistent link: https://www.econbiz.de/10009722672
substantial externality on the rest of the world. We analyze whether the threat of counter-geoengineering technologies capable of …
Persistent link: https://www.econbiz.de/10011931930
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...
Persistent link: https://www.econbiz.de/10010266995
Providing public goods is hard, because providers are best off free-riding. Is it even harder if one group's public good is a public bad for another group or, conversely, gives the latter a windfall profit? We experimentally study public goods provision embedded in a social context and find that...
Persistent link: https://www.econbiz.de/10010266996
This paper examines the concept of global public goods (GPGs) and in that context explores the extent of aid (ODA) presently being diverted to GPG provision and whether such diversion skews aid-flows towards some recipients and whether diverting aid to GPG provision crowds out aid for...
Persistent link: https://www.econbiz.de/10010279171
We present experimental evidence for decision settings where public good providers compete for endogenous donations offered by outside donors. Donors receive benefits from public good provision but cannot provide the good themselves. The performance of three competition mechanisms is examined in...
Persistent link: https://www.econbiz.de/10012873012
This study presents novel evidence showing that group payments distributed proportional to effort are as effective as payments targeted to individuals in increasing public good provision. The decision setting includes donors who make transfer payments to public good providers. The institutions...
Persistent link: https://www.econbiz.de/10012609031
externality by lowering contributions when outsiders are negatively affected. Remarkably, voting does not increase contributions … when it would be most desirable, i.e. with a positive externality. Here, participants vote for high contributions, yet …
Persistent link: https://www.econbiz.de/10010478914
The provision of public goods often benefits a larger group than those who actively provide the public good. In an experimental setting, this paper addresses institutional arrangements between subjects who can provide a public good (insiders) and subjects who benefit from the public good but...
Persistent link: https://www.econbiz.de/10011531593