- REGRET THEORY AND THE PROVISION OF BINARY PUBLIC GOODS. EXPERIMENTAL ANALYSIS

Josefa Tomás
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Josefa Tomás: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper analyzes the provision of discrete public goods when individuals exhibit regret/rejoicing in their preferences. The problem is studied using Regret Theory as opposed to the Bayesian approach. this model is shown to be supported by existing experimental data on binary voluntary contribution games.

Keywords: Binary public goods; Bayesian Equilibrium; Regret theory (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999-05
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1999-12

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