Predicting voluntary contributions by “revealed‐preference Nash‐equilibrium”

C-Tier
Journal: Economic Inquiry
Year: 2025
Volume: 63
Issue: 3
Pages: 846-864

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

One‐shot public‐good situations are prominent in the public debate, and a prime example for behavior diverging from the standard Nash‐equilibrium. Could a Nash‐equilibrium predict one‐shot public‐good behavior in principle? A “revealed‐preference Nash‐equilibrium” (rpne) out‐of‐sample predicts behavior, outperforming other social‐preference models. The rpne is the set of “mutual conditional contributions,” interpreting elicited conditional contributions as best‐responses. Individual‐level analyses confirm the results and allow for studying equilibrium selection. While the Pareto‐dominant equilibrium is the modal choice, many participants use other criteria. Given the predictive positive‐contributions rpnes, many real‐life public‐good problems may be solvable if players could coordinate on an equilibrium‐selection criterion beforehand.

Technical Details

RePEc Handle
repec:bla:ecinqu:v:63:y:2025:i:3:p:846-864
Journal Field
General
Author Count
1
Added to Database
2026-01-29