Showing 1 - 10 of 188
In a two-stage two-public good experiment, we study the effect that subjects’ possibility of contributing to a public good in the first stage of the game has on the voluntary contributions to the second public good. Our results show that subjects do not follow either the Nash strategy or the...
Persistent link: https://www.econbiz.de/10005125590
We study the effect of the possibility of investing in cultural education on the voluntary contributions to the cultural good. Moreover, we provide treatments with different context in order to control for a possible framing effect. Our results show the absence of effect of cultural education on...
Persistent link: https://www.econbiz.de/10005125593
We study the effect that the possibility of investing in cultural education has on the voluntary contributions to a cultural good. This is done in a two-stage public-good experiment. We also provide treatments with different context in order to control for a possible framing effect. Our results...
Persistent link: https://www.econbiz.de/10005062731
voting body may affect the balance of power between the original members even if their number of votes and the decision rule … this effect using laboratory experiments. Participants propose and vote on how to divide a budget according to weighted … majority voting rules, and we measure the voting power of a player by his average payoff in the experiment. By comparing voting …
Persistent link: https://www.econbiz.de/10005556685
lie to the survey takers and claim that they did. Increases in education are associated with higher voting rates and lower … rates of lying overall, but with increased rates of lying conditional on not voting. This paper proposes a model of voter … has a stable equilibrium with positive rates of voting, honest non-voting, and lying. Reasonable parameter changes produce …
Persistent link: https://www.econbiz.de/10005412467
that the stylized fact of declining cooperation in repeated public goods experiments results from this bias and adaptation. …
Persistent link: https://www.econbiz.de/10005125603
It is often suggested that team spirit counteracts free-riding. Testing for team spirit with field data is difficult, however, due to an inherent identification problem. In this paper test for team spirit experimentally. In a team work task we vary subjects' information about relative team...
Persistent link: https://www.econbiz.de/10005556671
Models of herd behaviour and informational cascades were theoretically developed in 1992 respectively by Banerjee (A simple model of herd behavior) and Bikhchandani, Hirshleifer and Welch (A Theory of Fads, Fashion, Custom and Cultural Change as Informational Cascades). Both articles pointed out...
Persistent link: https://www.econbiz.de/10005124961
This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
This paper analyses dynamic pricing in markets with network externalities. Network externalities imply demand inertia, because the size of a network increases the usefulness of the product for consumers. Since past sales increase current demand, firms have an incentive to set low introductory...
Persistent link: https://www.econbiz.de/10005062732