are a widely applied economic experimentstypically use (cash) incentives to study economic decision-making under controlled conditions in abstract (laboratory) or somewhat contextualised (field) settings. More. In a public goodsGoods where access to the good cannot be restricted and where use by one individual does not reduce availability to others. See also: Environmental Public Goods More game, a group of people is endowed with resources which they can either place in a private or a joint account (public good). In a standard linear voluntary contributions public goodsGoods where access to the good cannot be restricted and where use by one individual does not reduce availability to others. See also: Environmental Public Goods More game, all benefits are internalised from the private account, but only a fraction is internalised from the group account. However, the group account generates additional benefits, creating a social dilemma (a clash between self-interest and group interest) where it is individually rational to free-ride on the contributions of others, but socially optimal to contribute everything.
In Contracts2.0 we will use public goodsGoods where access to the good cannot be restricted and where use by one individual does not reduce availability to others. See also: Environmental Public Goods More games to investigate the impact of contracta formal, written agreement for a specified duration signed by (at least) two parties. In Contracts2.0, we acknowledge the existence of informal contracts but use formal contracts to focus the research. More characteristics on collective decision-making.
