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This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10012461626
We compare a partners condition, where the same small group of subjects plays a repeated public good game, to a strangers condition, where subjects play this game in changing group formations. From the first period onward, subjects in the partners condition contribute significantly more to the...
Persistent link: https://www.econbiz.de/10014152118
This paper theoretically explores the voluntary provision of a public good in a finitely repeated setting. Agents' utility is the sum of their monetary earnings and a non-material psychological component that can be interpreted as a taste for efficiency and/or fairness. An arbitrarily small...
Persistent link: https://www.econbiz.de/10014068856
incorporates equity theory is used to generate alternative hypotheses for the behavior of individual contributors. Aggregate …
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laboratory experiment that introduces endowment and preference differences into such a framework to explore the impact of donor …
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