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Incomplete Information and Timing in the Volunteer's Dilemma

A Comparison of Four Models

Dados Bibliográficos

ID6286202
AutoresJeroen Weesie (Utrecht University, autor correspondente)
Ano1994
Volume38
Fascículo3
Páginas557-585
Data de publicação1994-09-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Conflict Resolution (JOURNAL)
Identificadores do periódicoISSN: 0022-0027 • E-ISSN: 1552-8766
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002794038003008
OpenAlexW1965678916
IdiomaEN
Citações recebidas8
Referências citadas8

We analyze the supply of a public good that can be privately produced at costs smaller than the benefits. Without a coordinating mechanism, the selection of a volunteer poses a social dilemma. By varying two conditions, we obtain four scenarios. First, we distinguish whether or not players observe each other's behavior. Under the condition that behavior is observed, strategies involve timing decisions, namely how long to wait before volunteering, hoping that someone else volunteers first, but incurring costs for delayed production. If behavior cannot be observed, players effectively choose simultaneously, and rational players will either volunteer immediately or not at all. Second, we distinguish complete information with respect to the costs and benefits of the other players from incomplete information. For each of the four scenarios, we discuss a game theoretic model that assumes (ex ante) symmetrical costs and benefits. Remarkably, the probability that a player volunteers may increase with the degree of uncertainty. Moreover, in contrast with the complete information models, if uncertainty is sufficiently high, the probability that the collective good is produced may actually increase with group size. Finally, the four scenarios are ranked by the extent to which they generate favorable incentives for the production of the public good

Actuarial science · Complete information · Dilemma · Economics · Ex-ante · Incentive · Microeconomics · Production (economics · Public good · Social dilemma · Experimental Behavioral Economics Studies · Game Theory and Applications · Game Theory and Voting Systems

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Obras citantes distintas8
Citações por ano0,24
Intervalo de citações1993 - 2025 (33)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 8
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