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We investigate whether peer punishment is an efficient mechanism for enforcing cooperation in an experiment with a long … time horizon. Previous evidence suggests that the costs of peer punishment can be outweighed by the benefits of higher … cooperation, if (i ) there is a sufficiently long time horizon and (ii ) punishment cannot be avenged. However, in most instances …
Persistent link: https://www.econbiz.de/10011489806
effect on higher moments of the distribution remains unexplored. Through a pre-registered online experiment (N=732), we find …
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willingness to have an ethnic minority member in a team. We apply it on an example of the Roma in the Czech Republic and test on a …
Persistent link: https://www.econbiz.de/10014533503
paper we present the results of an experiment on the influence of private payoff information and the role of the available …
Persistent link: https://www.econbiz.de/10011570166
To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the consumers exhibit...
Persistent link: https://www.econbiz.de/10011489877
experiment, however, individuals have much more information available than outside the lab. We conduct a lab experiment to test … share of subjects behaves proscially and a concern for effciency plays an important role. In our experiment the information …
Persistent link: https://www.econbiz.de/10011490225
This paper proposes a behavioral model of social learning that unies various forms of inferential reasoning in one hierarchy of types. Iterated best responses that are based on uninformative level-0 play lead to the following of the private information (level-1), to the following of the majority...
Persistent link: https://www.econbiz.de/10011490245