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Providing negative cost public projects under a fair mechanism: An experimental analysis

1st Person: Güth, Werner
Additional Persons: Koukoumelis, Anastasios; Levati, M. Vittoria; Ploner, Matteo
Type of Publication: Paper
Language: English
Published: Max Planck Institute of Economics 2013
Series: Jena Economic Research Papers
Online: https://www.econstor.eu/bitstream/10419/85040/1/766266591.pdf
id
oai_econstor.eu_10419-85040
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Providing negative cost public projects under a fair mechanism: An experimental analysis
spellingShingle
Providing negative cost public projects under a fair mechanism: An experimental analysis
Güth, Werner
Jena Economic Research Papers
title_short
Providing negative cost public projects under a fair mechanism: An experimental analysis
title_full
Providing negative cost public projects under a fair mechanism: An experimental analysis
title_fullStr
Providing negative cost public projects under a fair mechanism: An experimental analysis
title_full_unstemmed
Providing negative cost public projects under a fair mechanism: An experimental analysis
title_sort
Providing negative cost public projects under a fair mechanism: An experimental analysis
format
electronic Article
format_phy_str_mv
Paper
publisher
Max Planck Institute of Economics
publishDate
2013
language
English
author
Güth, Werner
author2
Koukoumelis, Anastasios
Levati, M. Vittoria
Ploner, Matteo
author2Str
Koukoumelis, Anastasios
Levati, M. Vittoria
Ploner, Matteo
description
This paper experimentally examines a procedurally fair provision mechanism allowing members of a small community to determine, via their bids, which of four alternative public projects to implement. Previous experiments with positive cost projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains conducive to efficiency when negative cost, but less efficient, projects are made available. We find that this is not the case. On the other hand, we detect no significant difference in bid levels depending on whether mixed feelings are present or absent, and on whether the others´ valuations are known or unknown.
url
https://www.econstor.eu/bitstream/10419/85040/1/766266591.pdf
series
Jena Economic Research Papers
seriesStr
Jena Economic Research Papers
Jena Economic Research Papers
series2
Jena Economic Research Papers
series2_facet
Jena Economic Research Papers
up_date
2019-05-24T02:51:04.032Z
_version_
1634380054779658241

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