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The minimum approval mechanism implements the efficient public good allocation theoretically and experimentally

Masuda, Takehito; Okano, Yoshitaka; Saijō, Tatsuyoshi - 2013

-efficient allocation in backward elimination of weakly dominated strategies (BEWDS) and is unique under plausible conditions. Contributions … in the MAM experiment overall averaged 94.9%. The data support BEWDS rather than subgame perfect Nash equilibria … outcomes. -- Public good experiment ; Approval mechanism ; Assumed equilibrium concepts …

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