Operations, Information and Decisions Papers

Document Type

Journal Article

Date of this Version

4-1999

Publication Source

Public Choice

Volume

99

Issue

1

Start Page

103

Last Page

118

DOI

10.1023/A:1018316500800

Abstract

Fiscal stress and decreasing government budgets have led to renewed interest in voluntary contributions for the funding of public goods. This paper experimentally examines the Provision Point Mechanism (PPM), a voluntary contribution mechanism for the funding of lumpy public goods. Previous research has demonstrated the effectiveness of this mechanism at providing public goods, however all were conducted in an environment of complete information, which fails to capture the uncertainties of the real world. This study tests the efficacy of the PPM in informationally limited settings. We find no significant differences in the rate of successful provisions or level of group contributions when subjects have limited information about the valuations of others than when they have complete information.

Copyright/Permission Statement

The final publication is available at Springer via http://dx.doi.org/10.1023/A:1018316500800

 

Date Posted: 27 November 2017

This document has been peer reviewed.