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Asset Markets and Equilibrium Selection in Public Goods Games with Provision Points: An Experimental Study.

We report experimental results on the effects that auctioning the right to play a public goods game with a provision point may have on equilibrium selection and individual behavior. Auctioning off such a right among a larger population of players strikingly enhances public good provision. Once publi...

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Published in:Economic Inquiry Vol. 41; no. 4; pp. 574 - 592
Main Authors: Broseta, Bruno, Fatas, Enrique, Neugebauer, Tibor
Format: Article
Published: Wiley-Blackwell October 2003
Subjects:
Economic equilibrium
Economics
Game theory
Public goods
Experimental economics
Online Access:View this record in EBSCOhost