Regret Theory and the Provision of Binary Public Goods: Experimental Analysis

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Regret Theory and the Provision of Binary Public Goods: Experimental Analysis

Author Info

Tomas, J.

Abstract

This paper analyzes the provision of discrete public goods when individuals exhibit regret/rejoicing in their preferences. The problem is studied using Regret Theory as opposed to the Bayesian approach. This model is shown to be supported by existing experimental data on binary voluntary contribution games.

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Publisher Info
Paper provided by Valencia - Instituto de Investigaciones Economicas in its series Papers with number 99-12.

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Length: 28 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:valinv:99-12

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Postal: Instituto Valenciano de InvEstigaciones Economics, C/Guardia Civil, 22, Esc. 2, 1 46020 Valencia (Espana).
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Find related papers by JEL classification:
C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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This page was last updated on 2008-7-2.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.