Privately contributing to public goods over time: An experimental study
AbstractSimilar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly endowed participants encounter repeatedly the weakest link-, the usual average contribution- and the best shot-technology of public good provision in a within subject-design. Some striking findings are that the weakest link-technology fares much better than the other two technologies in terms of welfare, and that the willingness to voluntarily contribute is greatly affected by the (increasing or decreasing) clock mechanism. --
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Bibliographic InfoPaper provided by Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes in its series SFB 373 Discussion Papers with number 2002,18.
Date of creation: 2002
Date of revision:
Public goods; Voluntary contributions; Efficient provision; Clock mechanism;
Other versions of this item:
- Werner Güth & Maria Vittoria Levati & Andreas Stiehler, . "Privately Contributing to Public Goods over Time - An Experimental Study -," Papers on Strategic Interaction 2002-01, 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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