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Any system of transfer payments must be administered by officials with some degree of discretionary power over the manner in which funds are allocated. Attitudes of such officials regarding the worthiness of various recipients therefore have implications for resource allocation. Using a sample...
Persistent link: https://www.econbiz.de/10008478907
This paper reconsiders evidence from experimental common pool resource games from the perspective of a dynamic model of sampling. Despite being parameter-free, the model is able to replicate some striking features of the data: monotonic frequency distributions, the persistent use of strictly...
Persistent link: https://www.econbiz.de/10010796056