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Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10012981595
-extraction and cooperation shocks trigger short-run adjustments in the agents' behaviour. However, shocks do not have permanent … effects. This explains the long-run resilience of cooperation to rent extraction. We also show that cooperative attitudes and …
Persistent link: https://www.econbiz.de/10012927572
We provide a test of the role of social preferences and beliefs in voluntary cooperation and its decline. We elicit … individuals' cooperation preferences in one experiment and use them - as well as subjects' elicited beliefs - to explain … based on this data, we show that the decline of cooperation can be driven by the fact that most people have a preference to …
Persistent link: https://www.econbiz.de/10013316430
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10013316068
interpreted as evidence for the passing of cultural traits across generations and for cooperation being sustained by values rather …
Persistent link: https://www.econbiz.de/10013316149
Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces the take-up of an individually beneficial transfer. Our design exogenously varies the informativeness of the take-up decision by varying whether transfer eligibility is based on...
Persistent link: https://www.econbiz.de/10012952402
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a …
Persistent link: https://www.econbiz.de/10013316348
We study the social interaction of non-smokers and smokers as a sequential game, incorporating insights from social psychology and experimental economics into an economic model. Social norms affect human behavior such that non-smokers do not ask smokers to stop smoking and stay with them, even...
Persistent link: https://www.econbiz.de/10013317156
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10013086605
In psychological games, higher-order beliefs, emotions, and motives - in addition to actions - affect players' payoffs. Suppose you are invited to a party, movie, dinner, etc not because your company is desired but because the inviter would feel guilty if she did not invite you. In all of these...
Persistent link: https://www.econbiz.de/10013317374