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Threshold public good games and impulse balance theory

Author

Listed:
  • Federica Alberti

    () (Max Planck Institute of Economics, Strategic Interaction Group, Jena)

  • Edward J. Cartwright

    () (School of Economics, University of Kent, Canterbury)

  • Anna Stepanova

    (School of Economics, University of Kent, Canterbury)

Abstract

We propose and develop a model of behavior in threshold public good games. The model draws on learning direction theory and impulse balance theory. We find good support for the model and demonstrate that it can explain the success rates observed in threshold public good experiments. The model is applied in a variety of dierent settings : we compare games with a full refund to those with no refund, consider changes in relative endowment, and consider changes in the step return and net reward.

Suggested Citation

  • Federica Alberti & Edward J. Cartwright & Anna Stepanova, 2011. "Threshold public good games and impulse balance theory," Jena Economic Research Papers 2011-062, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2011-062
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    File URL: http://pubdb.wiwi.uni-jena.de/pdf/wp_2011_062.pdf
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    References listed on IDEAS

    as
    1. Bagnoli, Mark & McKee, Michael, 1991. "Voluntary Contribution Games: Efficient Private Provision of Public Goods," Economic Inquiry, Western Economic Association International, vol. 29(2), pages 351-366, April.
    2. Reinhard Selten & Thorsten Chmura, 2008. "Stationary Concepts for Experimental 2x2-Games," American Economic Review, American Economic Association, vol. 98(3), pages 938-966, June.
    3. Rachel Croson & Melanie Marks, 2000. "Step Returns in Threshold Public Goods: A Meta- and Experimental Analysis," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 239-259, March.
    4. repec:cup:apsrev:v:79:y:1985:i:01:p:148-155_22 is not listed on IDEAS
    5. Reinhard Selten & Klaus Abbink & Ricarda Cox, 2005. "Learning Direction Theory and the Winner’s Curse," Experimental Economics, Springer;Economic Science Association, vol. 8(1), pages 5-20, April.
    6. repec:cup:apsrev:v:80:y:1986:i:04:p:1171-1185_18 is not listed on IDEAS
    7. Coats, Jennifer C. & Gronberg, Timothy J. & Grosskopf, Brit, 2009. "Simultaneous versus sequential public good provision and the role of refunds -- An experimental study," Journal of Public Economics, Elsevier, vol. 93(1-2), pages 326-335, February.
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    Cited by:

    1. Federica Alberti & Edward J. Cartwright, 2016. "Full agreement and the provision of threshold public goods," Public Choice, Springer, vol. 166(1), pages 205-233, January.

    More about this item

    Keywords

    Public good; threshold; learning direction theory; impulse balance theory; counterfactual thinking;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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