Showing 1 - 10 of 13
We study the effect of voting when insiders’ public goods provision may affect passive outsiders. Without voting insiders’ contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level...
Persistent link: https://www.econbiz.de/10011106491
The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of bidding rings. In equilibrium, collusive negotiations are either successful or are avoided altogether, hence such analysis neglects the effects of failed collusion attempts. In...
Persistent link: https://www.econbiz.de/10011106492
According to Adam Smith (1790), human selfishness can be restrained by introspection. We test the effect of introspection on people’s willingness to cooperate in a public good game. Drawing on the concept of identity utility (George A. Akerlof and Rachel E. Kranton, 2000), we show...
Persistent link: https://www.econbiz.de/10011194285
controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral – she does … authority’s decision affecting herself, not affecting others. In the Public treatment, all reasons are made public. Whenever …
Persistent link: https://www.econbiz.de/10010731963
aversion to inequity is sufficiently strong, even individuals with high ability may support redistribution. In a lab experiment …
Persistent link: https://www.econbiz.de/10010895278
only if it is backed up by sanctions, law is significantly more effective than mere comity. Customary law guides behaviour …
Persistent link: https://www.econbiz.de/10010535930
Oligopoly has been among the first topics in the experimental economics. Over half a century, some 150 papers have been published. Each individual paper was interested in demonstrating one effect. But in order to do so, experimenters had to specify many more parameters. That way they have...
Persistent link: https://www.econbiz.de/10005772781
In three party ultimatum games the proposer can first decide whether to exclude one responder, what increases the available pie. The experiments control for intentionality of exclusion and veto power of the third party. We do not find evidence for indirect reciprocity of the remaining responder...
Persistent link: https://www.econbiz.de/10010541288
Do criminals maximise money? Are criminals more or less selfish than the average subject? Can prisons apply measures that reduce the degree of selfishness of their inmates? Using a tried and tested tool from experimental economics, we cast new light on these old criminological questions. In a...
Persistent link: https://www.econbiz.de/10008574249
belief that such behaviour is required in law. Maurice Mendelson (Recueil des Cours 272 (1998) 155) has challenged this view … experiments with a linear public good to show that behaviour con-verges even absent verbal communication; that convergence is …
Persistent link: https://www.econbiz.de/10008574251