Showing 1 - 10 of 144
This paper investigates how the passage of time affects trust, trustworthiness, and cooperation. We use a hybrid lab … between messages and actual choices, communication raises cooperation, trust, and trustworthiness by about 50 percent. Lags … between the beginning of the interaction and the time to respond do not substantially alter trust or trustworthiness. Our …
Persistent link: https://www.econbiz.de/10012920309
This paper experimentally investigates cooperative game theory from a normative perspective. Subjects designated as Decision Makers express their view on what is fair for others, by recommending a payoff allocation for three subjects (Recipients) whose substitutabilities and complementarities...
Persistent link: https://www.econbiz.de/10014151824
We compare general equilibrium economies in which building and maintenance of a depreciating public facility is financed either by anonymous voluntary contributions or by taxing agents on their income from private production. Agents start with an endowment of private goods and money, while the...
Persistent link: https://www.econbiz.de/10013119059
We compare laboratory general equilibrium economies in which maintenance of a depreciating public facility is financed either by anonymous voluntary contributions or taxes. Agents individually allocate their private goods between consumption and investment in production. The experimental...
Persistent link: https://www.econbiz.de/10013083203
We use a laboratory experiment to compare general equilibrium economies in which agents individually allocate their private goods among consumption, investment in production, and replenishing/refurbishing a depreciating public facility in a dynamic game with long-term investment opportunities....
Persistent link: https://www.econbiz.de/10012955153
We use a laboratory experiment to compare general equilibrium economies in which agents individually allocate their private goods among consumption, investment in production and maintenance of a depreciating public facility. The public facility is financed either by voluntary anonymous...
Persistent link: https://www.econbiz.de/10013019429
Using a large-scale hybrid laboratory and online trust experiment with and without pre-play communication, we … investigate how the passage of time affects trust, trustworthiness, and cooperation. Communication (predominantly through promises …) raises cooperation, trust, and trustworthiness by about 50 percent. This result holds even when three weeks pass between the …
Persistent link: https://www.econbiz.de/10012849057
This paper presents results from a series of second price private value auction (SPA) experiments in which bidders are either given for free, or are allowed to purchase, noisy signals about their opponents' value. Even though theoretically such information about opponents' value has no strategic...
Persistent link: https://www.econbiz.de/10014059646
We consider abstract exchange mechanisms wherein individuals submit "diversified" offers in m commodities, which are then redistributed to them. Our first result is that if the mechanism satisfies certain natural conditions embodying "fairness" and "convenience" then it admits unique prices, in...
Persistent link: https://www.econbiz.de/10013055725
We consider mechanisms that provide traders the opportunity to exchange commodity i for commodity j, for certain ordered pairs ij. Given any connected graph G of opportunities, we show that there is a unique mechanism M_G that satisfies some natural conditions of "fairness" and "convenience."...
Persistent link: https://www.econbiz.de/10013027825