The Voluntary Contributions Mechanism with Real Time Revisions
Experimental results are presented showing the effects of allowing real time revisions of voluntary contributions for the provision of a public good. Four public good payoff functions are examined, each of which generates specific equilibria. Evidence of increased.provision of the public good is demonstrated for the case in which revisions are limited to increases and a provision point exists, and also when there is a high initial marginal return from the public good. Copyright 1992 by Kluwer Academic Publishers
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