The Dynamic Free Rider Problem: A Laboratory Study

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2016
Volume: 8
Issue: 4
Pages: 268-308

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We report the results of an experiment that investigates free riding in the accumulation of durable public goods. We consider economies with reversibility, where contributions can be positive or negative; and economies with irreversibility, where contributions are nonnegative. Aggregate outcomes support the qualitative predictions of the Markov Perfect Equilibria (MPE) characterized in Battaglini, Nunnari, and Palfrey (2014): steady state levels of public good are lower with reversibility than irreversibility; accumulation is inefficiently slow; and the public good is under-provided in both regimes. On the other hand, public good levels are higher than MPE, and some evidence of history dependence is detected.

Technical Details

RePEc Handle
repec:aea:aejmic:v:8:y:2016:i:4:p:268-308
Journal Field
General
Author Count
3
Added to Database
2026-01-24