Showing 1 - 10 of 20
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 … in non-credible costly punishment behavior in order to reduce earnings of others who contribute low amounts to the public …
Persistent link: https://www.econbiz.de/10008791705
This paper reports the results from a real-effort team production experiment, where best performers can impose either tacit or explicit sanctions on their less-performing partners. The behavior of the best performer in the team differs from one condition to another. When explicit sanctions are...
Persistent link: https://www.econbiz.de/10010820828
laboratory studies, the demand for punishment and reward are studied separately from one another. This paper presents the results … from an experiment measuring the demand for reward and punishment by 'unaffected' third parties, separately and jointly. We … 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
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
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
This paper provides an explanation of the emergence of the standars textbook definition of public goods in the middle of the 20th century. It focuses on Richard Musgrave's contribution in defining public goods as non-rival and non-excludable - from 1939 to 1969. Although Samuelson's mathematical...
Persistent link: https://www.econbiz.de/10011026084
A vast recent literature has stressed social fragmentation's negative impact on the provision of public goods. It has been established theoretically that social fragmentation engenders discord and thereby undermines public goods provision. Empirical research has produced mixed results about this...
Persistent link: https://www.econbiz.de/10010603677
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
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to analyze the simultaneous equilibrium in all...
Persistent link: https://www.econbiz.de/10010750449