In a laboratory experiment with salient rewards, subjects were endowed with money and waiting time. Preferences for waiting time were elicited both as a private good by means of a series of second price auctions, i.e., in a non-induced values framework, and as a public good in the scope of a voluntary contribution game. Our data supports the Lindahl equilibrium as a descriptive model of behavio...

The paired comparison (PC) method is used to investigate reliability, transitivity, and decision time for binary choices among goods and sums of money. The PC method reveals inconsistent choices and yields individual preference order over the set of items being compared. The data reported support the transitivity assumption and demonstrate high reliability for individual preference order. The p...

This paper extends theories of public goods to interactive communication systems. Two key public communication goods are identified. Connectivity provides point-to-point communication, and communality links members through commonly held information, such as that often found in databases. These extensions are important, we argue, because communication public goods operate differently from tradit...

information law is an emerging field of study which its subject-matter, aims and issues are under-developing and formulation. there are three main approaches to information law issues and challenges: one approach, maintains that information is free or must be free, second approach, based on propertization, extends property protections to information, and third one insists on the cost-benefit co...

We propose two sequential mechanisms for efficient production of public goods. Our analysis differs from the existing literature in allowing for the presence of multiple public goods and in also being “simple.” While both mechanisms ensure efficiency, the payoffs in the first mechanism are asymmetric, being sensitive to the order in which agents move. The second mechanism corrects for this thro...

Because they supplement the municipal provision of local public goods, Business Improvement Districts (BIDs) provide an opportunity to examine the space, scope, and determinants of the provision of local public goods. A BID is formed when a group of merchants or commercial property owners in a neighborhood vote in favor of package of self-assessments and local public goods to be funded with tho...