Showing 1 - 10 of 33
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
competition, and/or the behavioral impacts of competition. Psychologically, a competitive environment alters incentives for ….e., succeeding in a competition is valuable per se. We design an experiment that allows us to disentangle financial and psychological …
Persistent link: https://www.econbiz.de/10013288029
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies …
Persistent link: https://www.econbiz.de/10003935230
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … competition leads to a decrease in trustworthiness, especially among partners. We argue that once competition comes into play … reduces reciprocity. -- trust ; reciprocity ; investment game ; group membership ; competition …
Persistent link: https://www.econbiz.de/10003935235
Persistent link: https://www.econbiz.de/10003495802
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10009754525
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/10009702885
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10009659345
This paper investigates how heterogeneity in contestants ́investment costs affects the competition intensity in a … dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition …
Persistent link: https://www.econbiz.de/10010199750
unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …
Persistent link: https://www.econbiz.de/10010366185