Chapter 90 Theoretical Explanations of Treatment Effects in Voluntary Contributions Experiments
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Elektronische Ressource
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Date:
2008
Language:
Englisch
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Abstract:
Public goods experiments are notable in that they produce an array of systematic treatment effects that are inconsistent with the predictions of standard game theory. In response, theorists have proposed alternative models designed to explain these interesting (and often intuitive) patterns in the data. This chapter discusses several of these models and compares their predictions with some of the stylized facts that have emerged from laboratory experiments. In these experiments, a fixed number of individuals decide simultaneously how to divide a resource endowment between private consumption and contribution toward a public good that benefits all individuals equally. The chapter focuses on the most common type of experiment, where the value of the public good is a linear function of total contributions. The marginal value of the public good relative to that of the private good is often called the MPCR, which refers to the marginal per-capita return from investing in the public good. The MPCR is usually specified to be low enough so that it is individually optimal to contribute nothing, but high enough so that it is socially optimal to contribute fully.
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Created:
2023-04-13
Last changed:
2023-01-20
Added to portal:
2023-04-13
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