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Full agreement and the provision of threshold public goods

Federica Alberti and Edward Cartwright ()

No 2011-063, Jena Economic Research Papers from Friedrich-Schiller-University Jena

Abstract: We report threshold public good experiments in which group members not only need to be individually willing to contribute enough to provide the public good but also have to agree with each other on what every group members should contribute. We find strong support to the hypothesis that full agreement increases successful provision, although it takes a few repetitions before group members can successfully coordinate. This is consistent with our theoretical results that full agreement works because it increases criticality of each individual decision. The existence of a focal point makes it possible for the group members to successfully coordinate.

Keywords: Public good; threshold; full agreement; focal point; experiment; coordination (search for similar items in EconPapers)
JEL-codes: C72 H41 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth, nep-pbe and nep-pub
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