Showing 1 - 10 of 22,269
We study a fundamental conflict in economic decision-making, the trade-off between equality, equity and incentives, in … respond rather continuously to incentives. …
Persistent link: https://www.econbiz.de/10011048594
This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
Persistent link: https://www.econbiz.de/10010357371
-goods game, where efficiency increases with group size (up to a limit, in one treatment). It is feasible to exclude group members …
Persistent link: https://www.econbiz.de/10010776752
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...
Persistent link: https://www.econbiz.de/10010574271
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the “hired gun” mechanism, to deter free riding and improve group...
Persistent link: https://www.econbiz.de/10011056154
Experimental studies have shown that sanctions effectively deter free riding within groups. However, the over-use of costly punishment may actually harm overall welfare. A main reason for over-punishment is that free-riders generate negative emotions that likely favor excessive punishments. In...
Persistent link: https://www.econbiz.de/10011209590
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10010243444
Evidence from an experiment investigating the "house money effect" in the context of a public goods game is … is potentially important in the external validity debate. -- Public Good Experiment ; Hurdle Model ; double hurdle model …
Persistent link: https://www.econbiz.de/10009569530
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes toward the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10014025338
pools of contributed funds—rather than by the contributors themselves. We conduct a laboratory experiment to compare …
Persistent link: https://www.econbiz.de/10011220542