Article ID Journal Published Year Pages File Type
9648880 International Review of Economics Education 2005 14 Pages PDF
Abstract
The public good experiment has been used as both a teaching and research tool. In almost all instances it has been designed without reference to a specific public good or real-world application.This is done so that participants' feelings or experiences involving the public good do not affect their behaviour. In a teaching environment, however, the addition of context can further student understanding of the public good experiment and its applications to real-world issues. This paper shows how two farm marketing problems can be illustrated through the use of the public good experiment by adding context.The experiment also incorporates the idea of a communication period, with students being encouraged to find a solution to free riding as a lesson in the difficulties inherent with collusive agreements.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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