Data/hora: 16/06/2024 10:22:38

Provedor de dados: | 31
País: | United States
Título: | The Endogenous Formation of Coalitions to Provide Public Goods: Theory and Experimental Evidence
Autores: | McEvoy,   David M.; Cherry,   Todd L.; Stranlund,   John K.
Data: | 2011-04-05
Ano: | 2011
Palavras-chave: | Public goods; Coalition formation; Inequality aversion; Participation requirement; Experiments; Institutional and Behavioral Economics; Public Economics; C92; H41.
Resumo: | This paper examines the endogenous formation of coalitions that provide public goods in which players implement a minimum participation requirement before deciding whether to join. We demonstrate theoretically that payoff-maximizing players will vote to implement efficient participation requirements and these coalitions will form. However, we also demonstrate that if some players are averse to inequality they can cause inefficient outcomes. Inequality-averse players can limit free riding by implementing larger than efficient coalitions or by blocking efficient coalitions from forming. We test the theory with experimental methods and observe individual behavior and coalition formation consistent with a model of inequality-averse players.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/102265

Relação:

University of Massachusetts, Amherst&gt;Department of Resource Economics&gt;Working Paper Series

Working Paper

2011-2

Formato: | 26