Efficiency in a forced contribution threshold public good game'
We contrast and compare three ways of predicting efficiency in a forced contribution threshold public good game. The three alternatives are based on ordinal potential, quantal response and impulse balance theory. We report an experiment designed to test the respective predictions and find that impulse balance gives the best predictions. A simple expression detailing when enforced contributions result in high or low efficiency is provided.
open access article
Citation : Cartwright, E. and Stepanova, A. (2017) Efficiency in a forced contribution threshold public good game. International Journal of Game Theory, 46(4), pp.1163-1191.
ISSN : 0020-7276
Research Institute : Institute for Applied Economics and Social Value (IAESV)
Peer Reviewed : Yes