Showing 1 - 10 of 83
This dissertation presents the results of a series of common pool experiments conducted in three regions of rural … conservative choices in common pool experiments. Groups of five subjects participated in a 20-period common pool resource game … resource game and then 10 additional rounds under one of five institutions: face-to-face communication, one of two external …
Persistent link: https://www.econbiz.de/10005711627
subgroups. We investigate the occurrence of tacit and explicit collusion by allowing for communication within subgroups in one … symmetric collusive strategy for one subgroup, we find little evidence for tacit collusion. Only when explicit communication is … allowed, collusion is established. A behavioral model using quantal response equilibrium in which subjects have beliefs over …
Persistent link: https://www.econbiz.de/10010988968
Public reputation mechanisms are an effective means to limit opportunistic behavior in markets suffering from moral hazard problems. While previous research was mostly concerned with the influence of exogenous feedback mechanisms, this study considers the endogenous emergence of reputation...
Persistent link: https://www.econbiz.de/10014503988
The paper examines whether an institution has a differing impact on cooperation if it is introduced by a representative of the affected subjects rather than exogenously imposed. The experimental design controls for selection effects arising from the endogenous policy choice. The treatment varies...
Persistent link: https://www.econbiz.de/10015327384
Persistent link: https://www.econbiz.de/10010866234
Persistent link: https://www.econbiz.de/10008596849
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
Both mainstream economics and its critics have focused on models of individual rational agents even though most important decisions are made by small groups. Little systematic work has been done to study the behavior of small groups as decision-making agents in markets and other strategic games....
Persistent link: https://www.econbiz.de/10005542990
We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (Quarterly Journal of … this information in their own decision rule. In our experiments herding does not occur as frequently as Banerjee predicts …
Persistent link: https://www.econbiz.de/10005542991
This dissertation completes salient group and individual experiments in two environments that differ as to whether or …
Persistent link: https://www.econbiz.de/10005542997