Showing 1 - 10 of 54
In a repeated public goods setting, we explore whether individuals, acting unilaterally, will provide an effective sanctioning institution. Subjects first choose unilaterally whether they will participate in a sanctioning stage that follows a contribution stage. Only those who gave themselves...
Persistent link: https://www.econbiz.de/10011103304
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10011159141
Teams often suffer from a free rider problem with respect to individual contributions. That putting teams into competition with each other can mitigate this problem is an important recent insight. However, we know little about how inequality in endowment between teams might influence this...
Persistent link: https://www.econbiz.de/10011201871
Abundant evidence suggests that high levels of contributions to public goods can be sustained through self-governed monitoring and sanctions. This experimental study investigates the effectiveness of decentralized sanctioning institutions in alternative punishment networks. Our results show that...
Persistent link: https://www.econbiz.de/10010890961
At least since Adam Smith, economists have recognized the beneficial effects of competition in markets. The possible positive influence of competition between teams on the free rider problem within teams is a more recent discovery. It is important because the free rider problem exists to some...
Persistent link: https://www.econbiz.de/10010890972
This paper examines the implications of habit forming hypothesis for welfare theory. both myopic and rational habit forming models are discussed. First, I analyse the main criteria proposed by myopic habit forming models for measuring individual and social welfare. I show that they are...
Persistent link: https://www.econbiz.de/10008621791
We propose a new type of cooperative game - a game in transition function (TF) form - as a means of representing social decision making procedures that is suitable for the analysis of rights. The TF form is a generalisation of the effectivity function (EF) form, and in particular it tells us...
Persistent link: https://www.econbiz.de/10010571479
This paper examines the implications of habit forming hypothesis for welfare theory. both myopic and rational habit forming models are discussed. First, I analyse the main criteria proposed by myopic habit forming models for measuring individual and social welfare. I show that they are...
Persistent link: https://www.econbiz.de/10005486927
We collect data from symmetric and asymmetric coordination games with a focal point and vary the stake size. The data show that in symmetric games coordination on the label-salient strategy increases with stake size. By contrast, in asymmetric games the coordination rates do not vary with stake...
Persistent link: https://www.econbiz.de/10011159137
In this experiment, individuals recurrently play coordination games that are similar to, but not identical with, one another. Initially, subjects are no more successful than if they had acted at random, but coordination rates gradually increase to levels similar to those found in one-shot games...
Persistent link: https://www.econbiz.de/10011159145