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posits that forecasters compete in a forecasting contest with pre-specified rules. In equilibrium of a winner …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10005543578
posits that forecasters compete in a forecasting contest with pre-specified rules. In equilibrium of a winner …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10005749529
We investigate a simultaneous discrete public good provision game with incomplete information. To use the terminology of Admati and Perry (1991), we consider both contribution and subscription games. In the former, contributions are not refunded if the project is not completed, while in the...
Persistent link: https://www.econbiz.de/10005749560
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010722846
We study risk taking on behalf of others,both with and without potential losses. A large-scale incentivized experiment …
Persistent link: https://www.econbiz.de/10010722849
We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...
Persistent link: https://www.econbiz.de/10010722851
The burgeoning literature on the use of sanctions to support public goods provision 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 both of resolving and of...
Persistent link: https://www.econbiz.de/10008546994
therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining …
Persistent link: https://www.econbiz.de/10005749599
We study pure redistribution as a device to increase cooperation and efficiency in the provision of public goods. Experimental subjects play a two-stage game. The first stage is the standard linear public goods game. In the second stage, subjects can redistribute payoffs among other subjects in...
Persistent link: https://www.econbiz.de/10005749692
In this paper, we study the effectiveness of intergroup competition in promoting cooperative behavior. We focus on intergroup competition that is non-rival in the sense that everyone can be a winner. This type of competition does not give groups an incentive to outcompete others. However, in...
Persistent link: https://www.econbiz.de/10005749767