Experimental and empirical evidence identifies social preferences and proposes competing models of such preferences. We find that participants match the contributions of others in the voluntary contribution mechanism (VCM). We also examine a game with different equilibria, the weakest link mechanism (WLM). Here, in contrast, participants match the minimum contribution of others.
Bibliographical noteFunding Information:
Croson acknowledges financial support from the National Science Foundation (SBR-9876079). Fatas acknowledges financial support from the Spanish Minister of Science and Technology (BEC2002-04380-C02-01 and SEJ2004-07554/ECON).
- Experimental economics
- Public goods
- Voluntary contribution mechanism
- Weakest link mechanism