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of universal cooperation because the more prosocial subjects populate the two efficient institutions first, elect … prosocial judges (if institutionally possible), and immediately establish a social norm of high cooperation. This norm appears … to guide subjects' cooperation and punishment choices, including the virtually complete removal of antisocial punishment …
Persistent link: https://www.econbiz.de/10012920461
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10012779356
competing. Third, seniors are typically more cooperative than juniors in a team-production game. Cooperation is highest in …
Persistent link: https://www.econbiz.de/10013317230
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first … conditional cooperation is higher when the own gain from defecting is lower and when the loss imposed on the first mover from … role of social preferences in conditional cooperation …
Persistent link: https://www.econbiz.de/10014077582
This research suggests that a Darwinian evolution of entrepreneurial spirit played asignificant role in the process of …
Persistent link: https://www.econbiz.de/10009486959
Using firm-level data from nine developing countries we demonstrate that (a) certain institutions like restrictive labour market regulations that are considered to be bad for economic growth might be beneficial for production efficiency, whereas (b) good business environment which is considered...
Persistent link: https://www.econbiz.de/10013130456
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality. In other words, those counties that displayed a higher...
Persistent link: https://www.econbiz.de/10013135634
Culture as reflected in social and religious norms may be pivotal to social organization in a decentralised economy where local authorities are responsible for the provision of local public goods. We distinguish between individualist and collectivist cultures to argue that collectivist culture...
Persistent link: https://www.econbiz.de/10013136493
In this paper we investigate how heterogeneous agents choose among tournaments with different prizes. We show that if the number of agents is sufficiently small, multiple equilibria can arise. Depending on how the prize money is split over the tournaments, these may include, for example, a...
Persistent link: https://www.econbiz.de/10013137797
ethic of mutual cooperation), and less spending on roads, public transport, communications etc. in communities which have a … model to argue that communities which enjoy a higher level of mutual cooperation would benefit less from investment in … members and therefore makes it more difficult to sustain intra-community cooperation. Surprisingly, investment in …
Persistent link: https://www.econbiz.de/10013096145