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Public Goods: A Survey of Experimental Research

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  • John O. Ledyard

Abstract

Environments with public goods are a wonderful playground for those interested in delicate experimental problems, serious theoretical challenges, and difficult mechanism design issues. A review is made of various public goods experiments. It is found that the public goods environment is a very sensitive one with much that can affect outcomes but are difficult to control. The many factors interact with each other in unknown ways. Nothing is known for sure. Environments with public goods present a serious challenge even to skilled experimentalists and many opportunities for imaginative work.

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  • John O. Ledyard, 1994. "Public Goods: A Survey of Experimental Research," Public Economics 9405003, University Library of Munich, Germany, revised 22 May 1994.
    • Handle: RePEc:wpa:wuwppe:9405003
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    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H - Public Economics

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