Economics, Econometrics and Finance
4 years ago

Players' Commitments Drive Sustainable Provision of Public Goods Without Central Authority

RePEc: Research Papers in Economics
Commitment And Matching Contributions To Public Goods
Robin Boadway, Zhen Song, JEAN-FRANÇOIS TREMBLAY

Paper Summary

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The article explores how people work together to provide public goods without a central authority. Players make commitments to contribute based on what others do, and then follow through on their promises. The study shows that with the right conditions, players can reach efficient levels of public goods without needing someone in charge.