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We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no...
Persistent link: https://www.econbiz.de/10013191057
experiment is conducted to test the main comparative static predictions of the theory, and the results are generally supportive …
Persistent link: https://www.econbiz.de/10012455921
This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax … altruism and inequality aversion. The experiment varies the amount of inequality and the collective choice procedure to …
Persistent link: https://www.econbiz.de/10012458719
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014287389