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theoretical model a dominant and a dominated region first interact through a voting process that can lead to different degrees of …-perfect equilibrium the voting process always leads to an intermediate arrangement acceptable for both parts. Hence, the costly political … struggle never occurs. In contrast, in our experiments we observe a large amount of fighting involving high material losses …
Persistent link: https://www.econbiz.de/10010547366
with those from public goods experiments where punishment enhances efficiency and leads to higher material payoffs. …
Persistent link: https://www.econbiz.de/10010851463
Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the self-regarding type. When performing a comparison within the same degree...
Persistent link: https://www.econbiz.de/10010547342
Adopting a simplistic view of Coase (1960), most economic analyses of property rights disregard both the key advantage that legal property rights (that is, in rem rights) provide to rightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers in terms of information...
Persistent link: https://www.econbiz.de/10010547227
Donors often rely on local intermediaries to deliver benefits to target beneficiaries. Each selected recipient observes if the intermediary under-delivers to them, so they serve as natural monitors. However, they may withhold complaints when feeling unentitled or grateful to the intermediary for...
Persistent link: https://www.econbiz.de/10010851320