An Application of the English Clock Market Mechanism to Public Goods Games
AbstractThis paper reports an experimental study of the public goods game in which contributions are not submitted all at once but incrementally as coordinated in real time by a clock. Individuals press a button as soon as the clock equals their willingness to contribute. By providing information about the point at which subjects stop further contributions we find evidence for conditionally cooperative behaviour: A subject's decision to stop contributing induces an immediate reaction of the other group members.
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Bibliographic InfoArticle provided by Springer in its journal Experimental Economics.
Volume (Year): 7 (2004)
Issue (Month): 2 (06)
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Web page: http://www.springerlink.com/link.asp?id=102888
Other versions of this item:
- Maria Vittoria Levati & Tibor Neugebauer, 2001. "An Application of the English Clock Market Mechanism to Public Goods Games," Papers on Strategic Interaction 2001-04, Max Planck Institute of Economics, Strategic Interaction Group.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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