While the opportunity to punish selfish and reward generous behavior coexist in many instances in daily life, in most … 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 …

commitment theory through an oath. …

exhaust the stock, the contracts are fully separating and similar to those implemented under full commitment. The efficient … commitment and the tax revenue is lower. However, those contracts may not be incentive compatible if the discount factor and the …

improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …

improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …

-world institution of the solenn oath can improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment …

This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To … characterized by different commitment and cooperation schemes can admit the same equilibrium outcome if certain spillover effects …, commitment and cooperation are non-trivial issues. Yet, in linear-quadratic models with multiple policymakers commitment and …