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Moral Hazard and Free Riding in Collective Action
Anesi, Vincent - Centre for Decision Research and Experimental Economics … - 2007
Most political and economic theorists point to moral hazard in teams as the main obstacle to lobbies' collective action. In this paper, we address this important issue with a coalition-formation game. In the process of doing so, we characterize equilibrium lobby structures both in the absence...
Persistent link: https://www.econbiz.de/10010884980
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Moral Hazard and Free Riding in Collective Action
Anesi, Vincent - Centre for Decision Research and Experimental Economics … - 2007
Most political and economic theorists point to moral hazard in teams as the main obstacle to lobbies' collective action. In this paper, we address this important issue with a coalition-formation game. In the process of doing so, we characterize equilibrium lobby structures both in the absence...
Persistent link: https://www.econbiz.de/10005796050
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Conditioning on What? Heterogeneous Contributions and Conditional Cooperation
Hartig, Björn; Irlenbusch, Bernd; Kölle, Felix - Centre for Decision Research and Experimental Economics … - 2014
the variation in others' contributions, but with pronounced heterogeneity in individuals’ reactions. While the majority …
Persistent link: https://www.econbiz.de/10011154546
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The Tobit model with feedback and random effects: A Monte-Carlo study
Poen, Eva - Centre for Decision Research and Experimental Economics … - 2009
size of the endogeneity bias in our model is very small compared to the size of the heterogeneity bias, which occurs when … individual heterogeneity is not accounted for in estimation of nonlinear models. …
Persistent link: https://www.econbiz.de/10005011860
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The Tobit model with feedback and random effects: A Monte-Carlo study
Poen, Eva - Centre for Decision Research and Experimental Economics … - 2009
size of the endogeneity bias in our model is very small compared to the size of the heterogeneity bias, which occurs when … individual heterogeneity is not accounted for in estimation of nonlinear models. …
Persistent link: https://www.econbiz.de/10010552262
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Heterogeneity and Cooperation in Privileged Groups: The Role of Capability and Valuation on Public Goods Provision
Kolle, Felix - Centre for Decision Research and Experimental Economics … - 2012
heterogeneity with respect to two dimensions: capability and valuation. Our results reveal that with and without punishment … opportunities, heterogeneity crucially affects cooperation and coordination within groups. Compared to non-privileged groups … have on the other group members’ payoffs affecting individuals’ willingness to cooperate. Hence, whether heterogeneity …
Persistent link: https://www.econbiz.de/10010601966
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The Nature of Salience Revisited: Cognitive Hierarchy Theory versus Team Reasoning
Bardsley, Nicolas; Mehta, Judith; Starmer, Chris; … - Centre for Decision Research and Experimental Economics … - 2006
This paper reports experimental tests of two alternative explanations of how players use focal points to select equilibria in one-shot coordination games. Cognitive hierarchy theory explains coordination as the result of common beliefs about players’ pre-reflective inclinations towards the...
Persistent link: https://www.econbiz.de/10005453697
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Virtual world experimentation: An exploratory study
Chesney, Thomas; Chuah, Swee-Hoon; Hoffmann, Robert - Centre for Decision Research and Experimental Economics … - 2007
We explore the scientific potential of virtual worlds for experimental economists. In particular, we report the results of a series of virtual world experiments designed to examine the suitability of (a) users as subjects and (b) the computer interface as an experimental platform. Formal results...
Persistent link: https://www.econbiz.de/10005453704
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Social Preferences, Beliefs, and the Dynamics of Free Riding in Public Good Experiments
Fischbacher, Urs; Gaechter, Simon - Centre for Decision Research and Experimental Economics … - 2009
or people’s heterogeneity in preferences makes voluntary cooperation fragile. Universal free riding thus eventually …
Persistent link: https://www.econbiz.de/10005453709
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On the Equivalence of Nash and Evolutionary Equilibrium in Finite Populations
Guse, Tobias; Hehenkamp, Burkhard; Possajennikov, Alex - Centre for Decision Research and Experimental Economics … - 2008
This paper provides sufficient and partially necessary conditions for the equivalence of Nash and evolutionary equilibrium in symmetric games played by finite populations. The focus is on symmetric equilibria in pure strategies. The conditions are based on properties of the payoff function that...
Persistent link: https://www.econbiz.de/10005453710