An Application of the English Clock Market Mechanism to Public Goods Games

Maria Levati and Tibor Neugebauer

Experimental Economics, 2004, vol. 7, issue 2, 153-169

Abstract: This paper reports an experimental study of the public goods game in which contributions are not submitted all at once but incrementally as coordinated in real time by a clock. Individuals press a button as soon as the clock equals their willingness to contribute. By providing information about the point at which subjects stop further contributions we find evidence for conditionally cooperative behaviour: A subject's decision to stop contributing induces an immediate reaction of the other group members.

Date: 2004
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