The voluntary provision of a public good with binding multi-round commitments
This paper examines binding multi-round commitments (MRCs) to the group account in a repeated voluntary contributions mechanism (VCM) game. Before each five-round interval, subjects in a four-person group are given the option to commit a portion of their endowments to the group account for each of t...
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| creator | Halloran, Matthew A. Walker, James M. Williams, Arlington W. |
| description | This paper examines binding multi-round commitments (MRCs) to the group account in a repeated voluntary contributions mechanism (VCM) game. Before each five-round interval, subjects in a four-person group are given the option to commit a portion of their endowments to the group account for each of the next five rounds. Decision rounds proceed, with each subject's commitment acting as the binding minimum of his group-account allocation for each round. The opportunity to make MRCs does not increase mean allocations to the group account relative to a control treatment. However, commitments do have implications for reciprocal behavior within groups, leading to higher outcome variances across groups in the MRCs treatment. |
| doi_str_mv | 10.1016/S0193-2306(06)11009-1 |
| format | Book Chapter |
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Mark</au><au>Davis, Douglas D.</au><au>Davis, Douglas D</au><au>Isaac, R. M</au><format>book</format><genre>bookitem</genre><ristype>CHAP</ristype><atitle>The voluntary provision of a public good with binding multi-round commitments</atitle><btitle>Experiments Investigating Fundraising and Charitable Contributors</btitle><seriestitle>rexe</seriestitle><date>2006</date><risdate>2006</risdate><volume>11</volume><spage>225</spage><epage>246</epage><pages>225-246</pages><issn>0193-2306</issn><isbn>0762313013</isbn><isbn>9780762313013</isbn><eisbn>1849504067</eisbn><eisbn>9781849504065</eisbn><abstract>This paper examines binding multi-round commitments (MRCs) to the group account in a repeated voluntary contributions mechanism (VCM) game. Before each five-round interval, subjects in a four-person group are given the option to commit a portion of their endowments to the group account for each of the next five rounds. Decision rounds proceed, with each subject's commitment acting as the binding minimum of his group-account allocation for each round. The opportunity to make MRCs does not increase mean allocations to the group account relative to a control treatment. However, commitments do have implications for reciprocal behavior within groups, leading to higher outcome variances across groups in the MRCs treatment.</abstract><cop>United Kingdom</cop><pub>Emerald Group Publishing Limited</pub><doi>10.1016/S0193-2306(06)11009-1</doi><oclcid>437172663</oclcid><tpages>22</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0193-2306 |
| ispartof | Experiments Investigating Fundraising and Charitable Contributors, 2006, Vol.11, p.225-246 |
| issn | 0193-2306 |
| language | eng |
| recordid | cdi_proquest_ebookcentralchapters_270045_151_238 |
| source | Emerald Books Business Management And Economics |
| subjects | Charities, voluntary services & philanthropy |
| title | The voluntary provision of a public good with binding multi-round commitments |
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