THE EXPERIMENTAL STUDY ON PUBLIC GOODS PROVISION AND ITS POSSIBLE PROGRESS IN THE FUTURE
Xiangyun Chen
Abstract
Xiangyun Chen
Abstract
Basing on the traditional economics,the tragedy of commons was the inescapable result in the rational choices of public goods.The incentive mechanism for public goods provision should be compatible with the individuals' true preference for public goods,and the government should play as a protagonist in the provision of public goods.However,experimental economics provided huge of evidences for the heterogeneity of individuals' social preferences,and also found that voluntary contribution for public goods could be achieved in a high level under suitable mechanism such as punishment,communication and reputation, which indicated that group members or voluntary organization could play important role in the provision of public goods.These studies established a more scientific basis for the reconstruction and innovation of public governance.
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Basing on the traditional economics,the tragedy of commons was the inescapable result in the rational choices of public goods.The incentive mechanism for public goods provision should be compatible with the individuals' true preference for public goods,and the government should play as a protagonist in the provision of public goods.However,experimental economics provided huge of evidences for the heterogeneity of individuals' social preferences,and also found that voluntary contribution for public goods could be achieved in a high level under suitable mechanism such as punishment,communication and reputation, which indicated that group members or voluntary organization could play important role in the provision of public goods.These studies established a more scientific basis for the reconstruction and innovation of public governance.
Key concepts: Public good, Tragedy of the commons, Free rider problem, Reputation, Public goods game, Incentive, Commons, Public economics