What does it mean citizenship is contribution of ones instructed judgement to public good?
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A one-shot provision point mechanism with money-back guarantee and proportional
rebate of excess contributions is tested in an induced value framework and in experimental
environments chosen to mimic field conditions. The results show that this relatively simple
mechanism is empirically demand revealing in the aggregate when used with large groups
of students who have heterogenous valuations for the public good. Approximately demand
revealing behavior was obtained under three alternative information conditions. These
results are an important step in the design of a mechanism simple enough to allow field
applications, but capable of efficiently providing public goods through voluntary contribu-
tions.
hope it helps
rebate of excess contributions is tested in an induced value framework and in experimental
environments chosen to mimic field conditions. The results show that this relatively simple
mechanism is empirically demand revealing in the aggregate when used with large groups
of students who have heterogenous valuations for the public good. Approximately demand
revealing behavior was obtained under three alternative information conditions. These
results are an important step in the design of a mechanism simple enough to allow field
applications, but capable of efficiently providing public goods through voluntary contribu-
tions.
hope it helps
riddhimishra123:
don't care of that ...okk
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