Original paper
Credible assignments can improve efficiency in laboratory public goods games
Abstract
This paper reports an experiment investigating how assignments improve economic efficiency in a modified version of the standard voluntary-contributions mechanism. The experiment uses a non-binding message that makes common information assignments in the repeated game. A credible assignment is one actually followed by the participants. It turns out to be difficult to credibly assign the symmetric efficient outcome in four person cohorts, but we...
Paper Details
Title
Credible assignments can improve efficiency in laboratory public goods games
Published Date
Aug 1, 2005
Journal
Volume
89
Issue
8
Pages
1437 - 1455
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Notes
History