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Threat and Punishment in Public Good Experiments

Masclet, David; Noussair, Charles N.; Villeval, Marie-Claire - Centre Interuniversitaire de Recherche en Analyse des … - 2011

Experimental studies of social dilemmas have shown that while the existence of a sanctioning institution improves cooperation within groups, it also has a detrimental impact on group earnings in the short-run. Could the introduction of pre-play threats to punish have enough of a beneficial...

Persistent link: https://www.econbiz.de/10008833345

Simultaneous Allocation of Bundled Goods Through Auctions: Assessing the Case for Joint Bidding

Rondeau, Daniel; Courty, Pascal; Doyon, Maurice - Centre Interuniversitaire de Recherche en Analyse des … - 2013

collusion significantly. We also explore the robustness of the results to characteristics of the auction environment that are …

Persistent link: https://www.econbiz.de/10011184511

Local Interactions

Özgür, Onur - Centre Interuniversitaire de Recherche en Analyse des … - 2010

Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...

Persistent link: https://www.econbiz.de/10008591372

A Ricardian Model of the Tragedy of the Commons

Lasserre, Pierre; Soubeyran, Antoine - Centre Interuniversitaire de Recherche en Analyse des … - 2001

This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...

Persistent link: https://www.econbiz.de/10005100787

The Relative Income Hypothesis

Alvarez-Cuadrado, Francisco; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2008

We propose an overlapping generations economy where households care about relative consumption, the difference between their consumption and the consumption of their reference group. An individual's consumption is driven by the comparison of his lifetime income and the lifetime income of his...

Persistent link: https://www.econbiz.de/10005100817

Relative Consumption and Resource Extraction

Alvarez-Cuadrado, Francisco; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2008

This paper presents a simple model of resource extraction where preferences are household's preferences depend on relative consumption levels. We identify two dimensions along which consumption externalities distort the efficient extraction of resources: (i) the static trade-off between...

Persistent link: https://www.econbiz.de/10005100852

Optimal Justice in a General Equilibrium Model with Non Observable Individual Productivities

Lasserre, Pierre; Soubeyran, Antoine - Centre Interuniversitaire de Recherche en Analyse des … - 1999

In this general equilibrium model, justice and police institutions are treated as a mechanism that induces individuals to extend some desirable productive effort. This determines individual encroachment activities which in turn determine the proportion of aggregate production that fails to be...

Persistent link: https://www.econbiz.de/10005100938

Sharing the Cost of Global Warming

Villemeur, Etienne Billette de; Leroux, Justin - Centre Interuniversitaire de Recherche en Analyse des … - 2010

Due to meteorological factors, the distribution of the environmental damage due to climate change bears no relationship to that of global emissions. We argue in favor of offsetting this discrepancy, and propose a global insurance scheme to be financed according to countries' responsibility for...

Persistent link: https://www.econbiz.de/10008560185

Private Valuation of a Public Good in Three Auction Mechanisms / Evaluation privée d'un bien public dans trois mécanismes d'enchères

Dragicevic, Arnaud; Ettinger, David - Centre Interuniversitaire de Recherche en Analyse des … - 2010

We evaluate the impact of three auction mechanisms the BeckerDeGrootMarschak (BDM) mechanism, the second-price auction …, and the random nth-price auction in the measurement of private willingness-to-pay and willingness-to-accept for a pure … logarithmic scale, the random nth-price auction yields the highest speed of convergence to welfare indices' equality. Overall, we …

Persistent link: https://www.econbiz.de/10008543323

Optimal Trading Mechanisms with Ex Ante Unidentified Traders

Lu, Hu; Robert, Jacques - Centre Interuniversitaire de Recherche en Analyse des … - 1997

We analyze optimal trading mechanisms in environments where each trader owns some units of a good to be traded and may be either a seller or a buyer, depending on the realization of privately observed valuations. First, the concept of virtual valuation is extended to ex ante unidentified...

Persistent link: https://www.econbiz.de/10005100533