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Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to "do the right thing," or cooperate, as long as their...

Persistent link: https://www.econbiz.de/10012456738

The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects

Dal Bó, Ernesto - 2016

Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential...

Persistent link: https://www.econbiz.de/10012455764

A Model of a Randomized Experiment with an Application to the PROWESS Clinical Trial

Kowalski, Amanda E. - 2019

I develop a model of a randomized experiment with a binary intervention and a binary outcome. Potential outcomes in the intervention and control groups give rise to four types of participants. Fixing ideas such that the outcome is mortality, some participants would live regardless, others would...

Persistent link: https://www.econbiz.de/10012479621

Collective Action : Experimental Evidence

Anauati, María Victoria - 2015

increases. The experiment also points to new avenues for refining the theory. We find that, as the payoff of a successful …

Persistent link: https://www.econbiz.de/10012457730

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte - 2012

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...

Persistent link: https://www.econbiz.de/10012460202

Deterministic and Stochastic Prisoner's Dilemma Games : Experiments in Interdependent Security

Kunreuther, Howard - 2007

This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...

Persistent link: https://www.econbiz.de/10012465365

Friend or Foe? A Natural Experiment of the Prisoner's Dilemma

List, John A. - 2006

This study examines data drawn from the game show Friend or Foe?, which is similar to the classic prisoner's dilemma tale: partnerships are endogenously determined, players work together to earn money, after which, they play a one-shot prisoner's dilemma game over large stakes: varying from $200...

Persistent link: https://www.econbiz.de/10012466571

Pharmaceutical Stock Price Reactions to Price Constraint Threats and Firm-Level R&D Spending

Golec, Joseph - 2005

legalized reimportation of lower-priced pharmaceuticals from foreign countries. This study uses the Clinton Administration …

Persistent link: https://www.econbiz.de/10012467456

Price Elasticities of Pharmaceuticals in a Value-Based-Formulary Setting

Yeung, Kai - 2016

pharmaceuticals, are deemed to be price inelastic with price elasticities of demand (PED) close to -0.20. However, most studies of PED … designed based on drug-specific incremental cost-effectiveness ratios, we estimate price elasticities of pharmaceuticals within … produce positive welfare effects. We estimate an overall PED for pharmaceuticals to be -0.16, close to the estimate of RAND …

Persistent link: https://www.econbiz.de/10012456367

The RAND Health Insurance Experiment, Three Decades Later

Aron-Dine, Aviva - 2012

We re-present and re-examine the analysis from the famous RAND Health Insurance Experiment from the 1970s on the impact of consumer cost sharing in health insurance on medical spending. We begin by summarizing the experiment and its core findings in a manner that would be standard in the current...

Persistent link: https://www.econbiz.de/10012460018