COMMITMENT AND MATCHING CONTRIBUTIONS TO PUBLIC GOODS

We study multi-stage processes of non-cooperative voluntary provision of public goods. In the first stage, one or more players announce contributions that may be conditional on the subsequent contributions of others. In later stages, players choose their own contri-butions and fulfill any commitments made in the first stage. Equilibrium contributions are characterized under different assumptions about the commitment ability of players, the number of public goods and whether players commit to matching rates or to discrete quantities. We focus on contribution mechanisms that can emerge and be sustainable without a central authority, and that may be particularly relevant for international public goods. Efficient levels of public goods can be achieved under some circumstances, while in others commitment is ineffective