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Revealing demand for an actual public good
Authors:Peter Bohm
Affiliation:University of Stockholm, 10691 Stockholm, Sweden
Abstract:In spite of important theoretical advances and a number of laboratory tests in recent years, no practicable mechanism for revealing demand for public goods has yet emerged. A method is presented which seems capable of meeting the political demands of such mechanisms. It was successfully tested on an actual public-good project provided by the Swedish government. The method is evaluated against the background of the results of this nonlaboratory and nonhypothetical test.
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