Showing 1 - 10 of 17
Previous analyses of the formation and composition of community based organizations (CBOs) have used cross section data.  So, causal inference has been compromised.  We obviate this problem by using data from a quasi-experiment in which villages were formed by government officials selecting...
Persistent link: https://www.econbiz.de/10011004231
We study in-group favouritism and out-group discrimination in a multiplayer dictator game.  An allocator divides a large sum of money among three groups of 20 recipients each and Self.  Allocations to groups are divided equally among the group members.  The three groups are supporters of the...
Persistent link: https://www.econbiz.de/10011004284
Using data from a field experiment conducted in seventy Colombian municipalities, we investigate who pools risk with whom when risk pooling arrangements are not formally enforced.  We explore the roles played by risk attitudes and network connections both theoretically and empirically.  We...
Persistent link: https://www.econbiz.de/10011004300
This paper describes and analyzes the results of a unique field experiment especially designed to test the effects of the level of commitment and information available to individuals when sharing risk.  We find that limiting exogenously provided commitment is associated with less risk sharing,...
Persistent link: https://www.econbiz.de/10011004339
We show how an outside party offering incentives to voters can manipulate at no cost collective decisions made through voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to fail than the markets for goods, because (democratic)...
Persistent link: https://www.econbiz.de/10010604871
A new game theoretic analysis of finite horizon, complete information bargaining is advanced. The extensive form reflects an attempt to model unstructured negotiations, in which the negotiants can gain no artificial advantage from the details of the bargaining protocol. Conditions are identified...
Persistent link: https://www.econbiz.de/10010604968
In the classical Condorcet jury model, different jurors votes are independent random variables, where each juror has the same probability p1/2 of voting for the correct alternative. The probability that the correct alternative will win under majority voting converges to 1 as the number of jurors...
Persistent link: https://www.econbiz.de/10010604991
This paper studies the ethical underpinnings of two social criteria which are prominent in the literature dealing with the problem of evaluating allocations of several consumption goods in a population with heterogeneous preferences. The Pazner-Schmeidler criterion (Pazner-Schmeidler [22]) and...
Persistent link: https://www.econbiz.de/10010605037
A theory of decision making is proposed that supplies an axiomatic basis for the concept of satisficing postulated by Herbert Simon. After a detailed review of classical results that characterize several varieties of preference-maximizing choice behavior, the axiomatization proceeds by weakening...
Persistent link: https://www.econbiz.de/10010605293
For over a quarter of a century, the use of utility information based upon interpersonal comparisons has been seen as an escape route from the Arrow Impossibility Theorem. This paper critically examines this informational basis approach to social choice. Even with comparability of differences...
Persistent link: https://www.econbiz.de/10005047734