Classroom Games: Voluntary Provision of a Public Good
Author(s) -
Charles A. Holt,
Susan K. Laury
Publication year - 1997
Publication title -
the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.11.4.209
Subject(s) - public good , altruism (biology) , government (linguistics) , raising (metalworking) , simple (philosophy) , public relations , business , turnover , microeconomics , economics , political science , psychology , social psychology , engineering , management , linguistics , philosophy , epistemology , mechanical engineering
This paper describes a simple public goods game, implemented with playing cards in a classroom setup. Students choose whether to contribute to the provision of a public good in a situation where it is privately optimal not to contribute, but socially optimal to contribute fully. This exercise motivates discussion of altruism, strategies for private fund-raising, and the role of government in resolving the public good problem.
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