Cooperation versus Free Riding in a Threshold Public Goods Classroom Experiment
AbstractAbstract: The authors present a classroom public goods experiment on the basis of a provision-point mechanism (PPM), where subjects must make an all or nothing decision about providing the public good. As a teaching tool, this design is superior to traditional prisoner's dilemma games because it creates multiple equilibrium in which individual financial incentive to contribute less may result in a coordination failure. Because the PPM does not incorporate a dominant strategy to free ride, students must individually choose a level of cooperation without the benefits of communication. Students discover problems of achieving an optimal social outcome because failure to coordinate on an efficient equilibrium can eliminate benefits to the group. This experiment is an excellent vehicle for introducing game theoretic problems of public good provision and for engendering meaningful discussion of real-world applications.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of Economic Education.
Volume (Year): 37 (2006)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.tandfonline.com/VECE20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.