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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao https://doi.org/10.1...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
https://doi.org/10.1017/cbo978...
Part of book or chapter of book . 1996 . Peer-reviewed
License: Cambridge Core User Agreement
Data sources: Crossref
https://doi.org/10.4337/184376...
Part of book or chapter of book . 2002 . Peer-reviewed
Data sources: Crossref
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Public choice experiments

Authors: Elizabeth Hoffman;

Public choice experiments

Abstract

A number of important issues in public choice have been addressed in experimental research. This chapter summarizes experimental research on the role of allocation mechanisms and agent behavior in the ability of groups of agents to achieve optimal allocations of public goods and externalities when there are gains from cooperation and coordination. This line of research includes studies of the free-rider problem with voluntary contributions; studies of the ability of small and large bargaining groups to achieve Pareto-optimal allocations of externalities or public goods; and studies of the design and behavioral implementation of synthetic allocation mechanisms for the allocation of public goods, externalities, and complex commodities. The free-rider problem with voluntary contribution mechanisms The free-rider problem is a central focus of experimental research in public choice. Economists, psychologists, and sociologists have joined the debate, answers to which are central to a number of larger issues in public choice. The basic premise of economists is that individuals, acting in their own self-interest, will underprovide public goods and positive externalities and overprovide negative externalities, relative to those quantities that would maximize social welfare. In the limit, with pure public goods and no appropriability, no public goods will be provided. Psychologists and sociologists counter both with arguments criticizing the basic assumptions of economic models and with the observation that societies do provide public goods for themselves, sometimes without governmental intervention. Economists, themselves, subscribe to two different “remedies” to the free-rider problem.

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    popularity
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    influence
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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