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A vast amount of empirical and theoretical research on public good games indicates that the threat of punishment can curb free-riding in human groups engaged in joint enterprises. Since punishment is often costly, however, this raises an issue of second-order free-riding: indeed, the sanctioning...
Persistent link: https://www.econbiz.de/10010988977
Persistent link: https://www.econbiz.de/10010866244
laboratory fishery governance institution and conducts economic experiments to test the hypotheses derived from the formal model … CPR using data from economic experiments. The results indicate that lobbying to change suboptimal fishery regulations was … cooperation in the voluntary contribution lobbying experiment was lower than those reported in other public goods experiments. To …
Persistent link: https://www.econbiz.de/10005711639
cost for the subject who requested the punishment. We show that a punishment technology commonly used in experiments embeds …
Persistent link: https://www.econbiz.de/10005711648
This paper reports on the use of carrot (positive) and stick (negative) incentives as methods of increasing effort among members of work teams. We study teams of four members in a laboratory environment in which giving effort towards the team goal is simulated by eliciting voluntary...
Persistent link: https://www.econbiz.de/10005711733
. This model predicts well the observed behaviour. The third part is composed of two experiments where the environment of …
Persistent link: https://www.econbiz.de/10005068104
This paper extends the research on incentive compatible institutions for the provision of public goods by imposing a minimum contribution that must be met in order for an individual to enjoy the benefits of the public good. Excluding individuals who do not contribute at least the minimum...
Persistent link: https://www.econbiz.de/10005678697
Coordination problems are ubiquitous in social and economic life. Political mass demonstrations, the decision whether to join a speculative currency attack, investment in a risky venture, and capital flight from a particular country are all characterized by coordination problems. Furthermore,...
Persistent link: https://www.econbiz.de/10010866261
The paper surveys the experimental literature on centralized matching markets, covering school choice and college admissions models. In the school choice model, one side of the market (schools) is not strategic, and rules (priorities) guide the acceptance decisions. The model covers applications...
Persistent link: https://www.econbiz.de/10012627987
Li (Am Econ Rev 107(11):3257–3287, 2017) introduces a theoretical notion of obviousness of a dominant strategy, to be used as a refinement in mechanism design. This notion is supported by experimental evidence that bidding is closer to dominance in the dynamic ascending-clock auction than the...
Persistent link: https://www.econbiz.de/10014501391