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• W1832563738 abstract "We modify the provision point mechanism by introducing reward money, which is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In equilibrium, the provision point is always reached as competition for reward money and preference for the public good induce sufficient contributions. In environments without aggregate uncertainty, the mechanism not only ensures allocative efficiency but also distributional. At a specific level of reward money, there is a unique equilibrium, where all consumers contribute the same proportion of their private valuations. The advantages of the mechanism are also demonstrated for collective action problems." @default.
• W1832563738 created "2016-06-24" @default.
• W1832563738 creator A5009735864 @default.
• W1832563738 date "2013-10-22" @default.
• W1832563738 modified "2023-09-24" @default.
• W1832563738 title "The provision point mechanism with reward money" @default.
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• W1832563738 doi "https://doi.org/10.5167/uzh-75659" @default.
• W1832563738 hasPublicationYear "2013" @default.
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