Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10479344 | Journal of Public Economics | 2005 | 19 Pages |
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 did discover one assignment that was credible in the last match of the evolutionary repeated game.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Beth Seely, John Van Huyck, Raymond Battalio,