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Free Riding and Consistent Conjectures in the Provision of Public Goods: An Experimental Study

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  • Hong Yih Chu
  • Wenchuan Li

Abstract

The aim of this paper is to examine free riding and consistent conjectures in the provision of public goods. In this research, a Lindahl optimum is never reached. The prediction that public goods will inevitably be under‐supplied is proven. With repetition, the subjects' contributions move toward the free riding level instead of the Lindahl optimum. However, a surprising observation is that the public goods provided sometimes increase with time. Economists and males behave more selfishly than other people. Most people expect matching behaviour, and most of them do behave accordingly. The extent to which people will match is overestimated, therefore expectations about the amount of public goods and the amount of actually provided public goods will be revised accordingly and tend to decline over time.

Suggested Citation

  • Hong Yih Chu & Wenchuan Li, 1999. "Free Riding and Consistent Conjectures in the Provision of Public Goods: An Experimental Study," Australian Economic Papers, Wiley Blackwell, vol. 38(1), pages 26-39, January.
    • Handle: RePEc:bla:ausecp:v:38:y:1999:i:1:p:26-39
    DOI: 10.1111/1467-8454.00039
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    Cited by:

    1. Francesca Bortolami & Luigi Mittone, 2009. "Does Participating in a Collective Decision Affect the Levels of Contributions Provided? An Experimental Investigation," CEEL Working Papers 0902, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.

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