What are the equilibria in public-good experiments?

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 150
Issue: C
Pages: 83-85

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

Most social-preference models have been tailored to yield only a full-defection equilibrium in one-shot linear public-good situations. This paper determines the Nash-equilibrium sets that result from experiment participants’ elicited preferences. The data show that multiple equilibria are relatively frequent even in a standard three-player setting. In this perspective, the common finding of close-to-omnilateral defection at the end of repeated public-good games is surprising and raises the question of why the dynamics of play seem to select this equilibrium out of the existing equilibria.

Technical Details

RePEc Handle
repec:eee:ecolet:v:150:y:2017:i:c:p:83-85
Journal Field
General
Author Count
1
Added to Database
2026-01-29