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Considerable experimental evidence shows that although costly peer-punishment enhances cooperation in repeated public …-good games, heavy punishment in early rounds leads to average period payoffs below the non-cooperative equilibrium benchmark. In … fall prey to a poverty trap or, to avoid this, abstain from punishment altogether. We show that neither is the case …
Persistent link: https://www.econbiz.de/10008536056
We elicit human conditional punishment types by conducting experiments. We find that their punishment decisions to an … individual are on average significantly positively proportional to other members’ punishment decisions to that individual. …
Persistent link: https://www.econbiz.de/10011260305
results of an experiment administered in the United States reported by Alm, Jackson and McKee (1992). The results for both …
Persistent link: https://www.econbiz.de/10011258964
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …
Persistent link: https://www.econbiz.de/10011111607
We experimentally investigate the impact of recognizing contributors on public good contributions. We vary recognizing all, highest or lowest contributors. Consistent with previous studies, recognizing all contributors significantly increases contributions relative to the baseline. Recognizing...
Persistent link: https://www.econbiz.de/10011112683
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011110481
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10011110638
We study the two-color problem by Ellsberg (1961) with the modification that the decision maker draws twice with replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all prospects including the ambiguous one, while all...
Persistent link: https://www.econbiz.de/10008833271
While folk theorems for dynamic renewable common pool resource games sustain cooperation as an equilibrium, the possibility of reverting to violence to appropriate the resource destroys the incentives to cooperate, because of the expectation of conflict when resources are sufficiently depleted....
Persistent link: https://www.econbiz.de/10011262754
We experimentally investigate the impact of visibility of contributors and cost of information on public good contributions. First, we vary recognizing all, highest or lowest contributors. Second, we investigate the effect of imposing a cost on viewing contributors. Recognizing all contributors...
Persistent link: https://www.econbiz.de/10011259460