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The burgeoning literature on the use of sanctions to support the provision of public goods has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable of either resolving or...
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We investigate the endogenous formation of sanctioning institutions supposed to improve efficiency in the voluntary provision of public goods. Our paper parallels Markussen et al. (Rev Econ Stud 81:301–324, <CitationRef CitationID="CR24">2014</CitationRef>) in that our experimental subjects vote over formal versus informal sanctions, but...</citationref>
Persistent link: https://www.econbiz.de/10011241969
heterogeneous samples at low cost. We validate such survey measures in an incentivized public good experiment and show that they are … importantly related to cooperation behavior in a large and heterogeneous sample. We provide evidence on the microfoundation of … this relation by use of an experimental design that enables us to disentangle preferences for cooperation from beliefs …
Persistent link: https://www.econbiz.de/10011056169
The data in Fehr and Tyran (FT, 2001) and Luba Petersen and Abel Winn (PW,2013) show that money illusion plays an important role in nominal price adjustment after a fully anticipated negative monetary shock. Money Illusion affects subjects' expectations, and causes pronounced nominal inertia...
Persistent link: https://www.econbiz.de/10010815742
We study the effects of reputation and competition in a stylized market for experience goods. If interaction is anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are identifiable and can, hence, build a reputation, efficiency...
Persistent link: https://www.econbiz.de/10005136615
voluntary provision of public goods. In our one-shot experiment, we find that coordination often fails and exogenously imposed …
Persistent link: https://www.econbiz.de/10010625733
We let consumers vote on tax regimes in experimental markets. We test if taxes on sellers are more popular than taxes on consumers, i.e. on voters themselves, even if taxes on sellers are inefficiently high. Taxes on sellers are more popular if voters underestimate the extent of tax-shifting in...
Persistent link: https://www.econbiz.de/10010574360