IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-05090-1_5.html
   My bibliography  Save this book chapter

An Experimental Comparison of Three Public Good Decision Mechanisms

In: Measurement in Public Choice

Author

Listed:
  • Vernon L. Smith

    (University of Arizona)

Abstract

Three public good mechanisms, all sharing the characteristics of collective excludability, unanimity and budget balance, are compared: The mechanisms differ in ways that are hypothesized to effect free-riding behavior with the Auction mechanism expected to show the least, and the Free-Rider and Quasi Free-Rider mechanisms showing the greatest such behavior. All three mechanisms yield mean quantities of a public good that are significantly greater than the free-rider quantity. However, the Auction mechanism provides a mean quantity of the public good which is significantly larger than that of the other two procedures, and closer to the Lindahl optimal quantity.

Suggested Citation

  • Vernon L. Smith, 1981. "An Experimental Comparison of Three Public Good Decision Mechanisms," Palgrave Macmillan Books, in: Steinar Strøm (ed.), Measurement in Public Choice, pages 57-74, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-05090-1_5
    DOI: 10.1007/978-1-349-05090-1_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-05090-1_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.