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The Team Allocator Game : Allocation Power in Public Goods Games

Karakostas, Alexandros; Matzat, Dominik; Riewe, Gerhard; … - 2021

allocation power to distribute benefits from the public good in a way that motivates people to contribute. Re-allocating team …

Persistent link: https://www.econbiz.de/10013231971

Social Preferences and the Variability of Conditional Cooperation

Baader, Malte; Gächter, Simon; Lee, Kyeongtae; Sefton, … - 2022

We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...

Persistent link: https://www.econbiz.de/10014077010

The ex ante incentive compatible core in exchange economies with and without indivisibilities

Forges, Françoise - 2006

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …

Persistent link: https://www.econbiz.de/10010273735

Super-Additive Cooperation

Efferson, Charles; Bernhard, Helen; Fischbacher, Urs; … - 2022

Repeated interactions provide a prominent but paradoxical hypothesis for human cooperation in one-shot interactions 1–3. Intergroup competitions 4–7 provide a different hypothesis that is intuitively appealing but heterodox. We show that neither mechanism reliably supports the evolution of...

Persistent link: https://www.econbiz.de/10014240476

Trade and Credit Reallocation : How Banks Help Shape Comparative Advantage

Keuschnigg, Christian - 2019

Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks play a major role in cutting credit to non-viable firms in downsizing sectors and in providing new credit to finance investment in expanding, innovative sectors. Structural...

Persistent link: https://www.econbiz.de/10012892187

Employment and Reallocation Effects of Higher Minimum Wages

Drechsel-Grau, Moritz - 2023

This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and worker and firm heterogeneity. I find that minimum wages...

Persistent link: https://www.econbiz.de/10014356608

Banks, Credit Reallocation, and Creative Destruction

Keuschnigg, Christian; Kogler, Michael; Matt, Johannes - 2022

How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...

Persistent link: https://www.econbiz.de/10014241611

Comparing Crowdfunding Mechanisms : Introducing the Generalized Moulin-Shenker Mechanism

Woerner, Andrej; Onderstal, Sander; Schram, Arthur - 2022

For reward-based crowdfunding, we introduce the strategy-proof Generalized Moulin-Shenker mechanism (GMS) and compare its performance to the prevailing All-Or-Nothing mechanism (AON). Theoretically, GMS outperforms AON in equilibrium profit and funding success. We test these predictions...

Persistent link: https://www.econbiz.de/10014241992

Quality Misallocation, Trade, and Regulations

Macedoni, Luca; Weinberger, Ariel - 2021

high-quality firms, who under-produce in the market allocation. Furthermore, the fixed cost generates a positive …

Persistent link: https://www.econbiz.de/10013229785

Vaccination Lottery

Kim, Duk Gyoo - 2021

Ohio announced a Vax-a-Million Lottery in May 2021 to encourage people vaccinated. If people may avoid vaccination because (1) they worry about rare but critical side effects or (2) they want to free ride on herd immunity, the vaccination lottery may work better or worse than a lump-sum transfer...

Persistent link: https://www.econbiz.de/10013216770