Showing 1 - 10 of 33
, while feedback information is usually considered a public good. We apply both theoretical models and experiments to study …
Persistent link: https://www.econbiz.de/10008560983
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers …' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are …
Persistent link: https://www.econbiz.de/10011349214
People’s attachment to a subsidy creates difficulties for the government to phase out, and eventually eliminate, the subsidy. Elimination of fuel subsidy scheme in Indonesia is a perfect example of such occurrence. The subsidy has been implementing to commodity as opposed to households, thus...
Persistent link: https://www.econbiz.de/10011259031
Fuel subsidy has been the biggest quandaries in Indonesian economy, as it has been creating a huge opportunity costs to the economy. The subsidy is implemented to a consumer good (i.e. fuels) as oppose to targeted recipients, creating distortion in the efficient resource allocation. It was...
Persistent link: https://www.econbiz.de/10009652025
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10009422008
We compare the strategy and direct-response methods in a one-shot trust game with hidden action. In our experiment, the decision elicitation method affects neither participants' behavior nor their beliefs about this behavior. We conclude that the direct-response method does not, by itself,...
Persistent link: https://www.econbiz.de/10011111924
This paper reports 5 laboratory sessions that analyze the effects of group sizes in the voluntary contribution mechanism, when contribution level is either complementary or substitute. The theorical argument is that each production function provides different incentives for the agent along scale...
Persistent link: https://www.econbiz.de/10005789220
deceiving anyone. The design should be suitable formost economics experiments, and works by amodification of an already standard … both internallyand with other public goods experiments. In addition, simultaneousplay is found to be more efficient than … ofoverconfidence, egoism and (biased) reciprocity in behaviour, whichmay explain decay in contributions in repeatedplay designs. The …
Persistent link: https://www.econbiz.de/10011304381
laboratory experiments, the impact of ex post incentives on informal contracts between principals and agents in bargaining …
Persistent link: https://www.econbiz.de/10005837308
It is well-known in evolutionary game theory that population clustering in Prisoner's Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Without knowing it, players are...
Persistent link: https://www.econbiz.de/10005619994