Showing 1 - 10 of 98
In this paper we replicate and extend the experiment of Fehr and Gaechter (2000) that analyzes the effect of an … opportunity to punish others on the level contributions in the Voluntary Contributions Mechanism. The punishment is costly for … both the players distributing and those receiving the punishment. Like Fehr and Gaechter, we find that agents often engage …
Persistent link: https://www.econbiz.de/10008791705
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010899359
This paper reports the results from a real-effort team production experiment, where best performers can impose either …
Persistent link: https://www.econbiz.de/10010820828
This paper reports the results of an experiment that investigates the relationships between inequality and punishment …. In particular, we analyze how inter-personal comparisons affect altruistic punishment behavior. In addition, we examine … how punishment affects inequality over time. We compare two treatments of a two-stage public good game, one in which …
Persistent link: https://www.econbiz.de/10008791276
We present the results of an experiment that explores the sanctioning behavior of individuals who experience a social … third parties, and punish low contributors, even when punishment is costly to the sanctioner. When there are five rounds of …
Persistent link: https://www.econbiz.de/10008794884
from an experiment measuring the demand for reward and punishment by 'unaffected' third parties, separately and jointly. We … laboratory studies, the demand for punishment and reward are studied separately from one another. This paper presents the results … find that the demand for costly punishment is substantially lower when individuals are also given the ability to reward …
Persistent link: https://www.econbiz.de/10010899324
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the...
Persistent link: https://www.econbiz.de/10010750409
equilibrium are sketched ; they are the condition for a predictive power of the theory and its ability to allow for statics … many commodities and to a continuum of agents, some examples show how economic theory can accommodate the main ideas in …
Persistent link: https://www.econbiz.de/10010750449
The body of literature on purely democratic countries can sometimes fail to explain the behavior of government in semi-democratic African countries. Empirical and theoretical political economic papers find that public funds target ruling party supporters and swing districts. Our results,...
Persistent link: https://www.econbiz.de/10010753932