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I provide a broad overview of the findings reported in the articles submitted for this special volume on experimental studies of social dilemma problems. I start by providing a synopsis of where current research stands on this topic. Then I go on to discuss the specific papers and how those...
Persistent link: https://www.econbiz.de/10011453100
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...
Persistent link: https://www.econbiz.de/10011316535
In this paper we put forward a simple game-theoretical model of pollution control, where each country is in control of … its own pollution, while the environmental effects of policies do not stop at country borders. In our noncooperative … differential game, countries as players minimize the present value of their own costs defined as a linear combination of pollution …
Persistent link: https://www.econbiz.de/10011709210
on pollution mitigation and environmental adaptation. The optimal emission, adaptation, and mitigation investments are …
Persistent link: https://www.econbiz.de/10012432437
Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between cooperation in private and common property trust games....
Persistent link: https://www.econbiz.de/10009752448
We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player’s actual payoff, to the ratio between the player’s actual payoff and his or her aspired payoff. We show that the...
Persistent link: https://www.econbiz.de/10011621329
theory is referred to as the ‘tragedy of the commons’. We introduce and thoroughly analyse this dilemma using empirical game …
Persistent link: https://www.econbiz.de/10011550610
We test whether the decisions in a common-pool resource game are better modeled game- theoretically as strategic substitutes or complements using an individual-level dataset of groundwater usage that accounts for 3% of US irrigated agriculture. Based on a regression framework with instrumental...
Persistent link: https://www.econbiz.de/10014418068
We conducted a dynamic common pool resource experiment and found large differences among groups in the total benefits (surplus) obtained from the resource. To shed light on the factors underlying the differences, we characterized individual appropriation decisions as irresponsible, sustainable,...
Persistent link: https://www.econbiz.de/10012014967
In the intertemporal common-pool resource game, non-cooperative behavior produces externalities reducing subjects' payoffs in both the present and the future. In this paper, we investigate through two experiments whether binding contracts, non-binding promises and social feedback help to promote...
Persistent link: https://www.econbiz.de/10012168605