An auction mechanism for public goods provision: an experimental study
Pavel Hichri and
Walid Hichri
MPRA Paper from University Library of Munich, Germany
Abstract:
We experiment a new mechanism for the provision of a discrete public good: in a fixed period individuals can contribute several times; at any moment they can see the total amount collected; at the end of the period, the public good is provided if the amount covers the cost. We find that the ability of the mechanism to provide efficiently the public good decreases with the amount of the provision cost.
Keywords: Public Goods; Experiments; Mechanism Design (search for similar items in EconPapers)
JEL-codes: C92 H41 (search for similar items in EconPapers)
Date: 2008, Revised 2008
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:7884
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