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The Provision of Public Goods with Positive GroupInterdependencies

Güth, Werner; Sääksvuori, Lauri - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...

Persistent link: https://www.econbiz.de/10009022157

Tax Morale and (De-)Centralization- An Experimental Study

Güth, Werner; Levati, M. Vittoria; Sausgruber, Rupert - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

population size of eachregion. The experiment shows that centralization induces lower taxmorale and less efficient outcomes. The …

Persistent link: https://www.econbiz.de/10005866975

Strategic investment, industry concentration and the cross section of returns

Bustamante, Maria Cecilia - London School of Economics (LSE) - 2011

competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

Persistent link: https://www.econbiz.de/10011071300

Voluntary contributions with imperfect information:An experimental study

Fiore, Annamaria; Levati, M. Vittoria; Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … clear evidence of risk aversion, and of a negative relationship between the latter and willingness to cooperate. …

Persistent link: https://www.econbiz.de/10005866650

Ex Interim Voting in Public Good Provision

Fischer, Sven; Nicklisch, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We report the results of an experimental study that compares voting mechanismsin the provision of public goods. Subjects can freely decide how much they want tocontribute. Whether the public good is finally provided is decided by a referendumunder full information about all contributions. If...

Persistent link: https://www.econbiz.de/10005866711

When the past is present – The ratchet effectin the local commons

Fellner, Gerlinde; Margreiter, Magdalena; Oses Eraso, Nuria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

In this paper we investigate the effects of local interaction in a CPR-like environment.We employ a local interaction model where subjects are allocated alonga circle and only interact with their most direct neighbors. In traditional socialdilemma experiments, the return of one’s actions is...

Persistent link: https://www.econbiz.de/10005866905

Partner Selection in Public Goods Experiments

Coricelli, Giorgio; Fehr, Dietmar; Fellner, Gerlinde - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

This paper studies the effect of introducing costly partner selection for the voluntarycontribution to a public good. Subjects participate in six sequences offive rounds of a two-person public good game in partner design. At the end ofeach sequence, subjects can select a new partner out of six...

Persistent link: https://www.econbiz.de/10005866964

Fluctuations in uncertainty

Bloom, Nicholas - London School of Economics (LSE) - 2013

question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …

Persistent link: https://www.econbiz.de/10011126328

Investment choice and inflation uncertainty

Fischer, Gregory - London School of Economics (LSE) - 2013

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

Persistent link: https://www.econbiz.de/10010884740

The marginal product of capital

Caselli, Francesco; Feyrer, James - London School of Economics (LSE) - 2006

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...

Persistent link: https://www.econbiz.de/10010928591