Voluntary Standards and Coordination in Public Goods Games

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Datum
2011
Autor:innen
Föllmi-Heusi, Franziska
Teyssier, Sabrina
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Zusammenfassung

Contributions to public goods are often unobservable. In order to make contributions visible, voluntary standards are used, which make a particular contribution level publicly observable. This paper investigates the effect of such partial information on the contributions to public goods. First, we observe that the implementation of a too low standard level leads to the lowest efficiency. Second, we find that standards function as a coordination device. Higher standards give rise to higher modal contribution but the likelihood that the standard level is reached gets lower. Third, conditional cooperation is observed in the sense that subjects are more likely to comply with the standard as the number of group members who previously complied with it is higher.

Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
Schlagwörter
Public goods, Information, Standards, Coordination
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undefined / . - undefined, undefined
Zitieren
ISO 690FISCHBACHER, Urs, Franziska FÖLLMI-HEUSI, Sabrina TEYSSIER, 2011. Voluntary Standards and Coordination in Public Goods Games
BibTex
@techreport{Fischbacher2011Volun-38203,
  year={2011},
  series={ALISS},
  title={Voluntary Standards and Coordination in Public Goods Games},
  number={2011-03},
  author={Fischbacher, Urs and Föllmi-Heusi, Franziska and Teyssier, Sabrina}
}
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