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Punishment and Cooperation in Stochastic Social Dilemmas
Xiao, Erte; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 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/10010951021
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Conflict, Evolution, Hegemony, and the Power of the State
Levine, David; Modica, Salvatore - National Bureau of Economic Research (NBER) - 2013
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
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Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse
Harrison, Glenn W.; list, john - National Bureau of Economic Research (NBER) - 2007
from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we … identify naturally occurring settings in which one can test the theory. In our treatments the subjects are not picked at random … conclude that the theory predicts field behavior well when one is able to identify naturally occurring field counterparts to …
Persistent link: https://www.econbiz.de/10005085377
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Organ Allocation Policy and the Decision to Donate
Roth, Alvin; Kessler, Judd B. - National Bureau of Economic Research (NBER) - 2011
Organ donations from deceased donors provide the majority of transplanted organs in the United States, and one deceased donor can save numerous lives by providing multiple organs. Nevertheless, most Americans are not registered organ donors despite the relative ease of becoming one. We study in...
Persistent link: https://www.econbiz.de/10009251502
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The Nature of Excess: Using Randomized Treatments to Investigate Price Dynamics
list, john; Price, Michael K.; Al-Ubaydli, Omar - National Bureau of Economic Research (NBER) - 2010
This study explores empirically the price dynamics within two distinct market institutions - a double oral auction, which resembles modern asset markets, and a bilateral exchange market, which represents markets that have existed for centuries. To provide a theoretical basis to our...
Persistent link: https://www.econbiz.de/10008533384
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Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830
Bogart, Dan; Richardson, Gary - National Bureau of Economic Research (NBER) - 2008
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10005830552
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How Did Distributional Preferences Change During the Great Recession?
Fisman, Raymond; Jakiela, Pamela; Kariv, Shachar - National Bureau of Economic Research (NBER) - 2014
We compare behavior in experiments measuring distributional preferences during the "Great Recession" to behavior in identical experiments conducted during the preceding economic boom. Subjects are drawn from a diverse pool of students whose socioeconomic composition is largely held constant by...
Persistent link: https://www.econbiz.de/10010951431
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What Happens in the Field Stays in the Field: Exploring Whether Professionals Play Minimax in Laboratory Experiments
Levitt, Steven; list, john; Reiley, David - National Bureau of Economic Research (NBER) - 2009
The minimax argument represents game theory in its most elegant form: simple but with stark predictions. Although some … that pit professionals against preprogrammed computers, and (2) post-experiment questionnaires. The most likely explanation …
Persistent link: https://www.econbiz.de/10008614935
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The Hired Gun Mechanism
Andreoni, James; Gee, Laura K. - National Bureau of Economic Research (NBER) - 2011
We present and experimentally test a mechanism that provides a simple, natural, low cost, and realistic solution to the problem of compliance with socially determined efficient actions, such as contributing to a public good. We note that small self-governing organizations often place enforcement...
Persistent link: https://www.econbiz.de/10009019669
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Gun For Hire: Does Delegated Enforcement Crowd out Peer Punishment in Giving to Public Goods?
Andreoni, James; Gee, Laura K. - National Bureau of Economic Research (NBER) - 2011
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10009019694