Privately Contributing to Public Goods over Time - An Experimental Study -
Werner Güth (),
Maria Levati and
Andreas Stiehler ()
Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group
Abstract:
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly endowed participants encounter repeatedly the weakest link-, the usual average contribution- and the best shot-technology of public good provision in a within subject-design. Some striking findings are that the weakest link-technology fares much better than the other two technologies in terms of welfare, and that the willingness of people to voluntarily contribute is greatly a®ected by the (increasing or decreasing) clock mechanism.
Keywords: Public goods; Voluntary contributions; Efficient provision; Clock mechanism (search for similar items in EconPapers)
JEL-codes: C72 C92 D44 H41 (search for similar items in EconPapers)
Pages: 37 pages
New Economics Papers: this item is included in nep-exp, nep-pbe and nep-pub
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Citations: View citations in EconPapers (10)
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Working Paper: Privately contributing to public goods over time: An experimental study (2002) 
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