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Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...
Persistent link: https://www.econbiz.de/10011113027
, or in order to imagine communities and societies more civil, richer than reciprocity, in all its shapes. " (p. xv). From … sciences, until today, inadequately explored: the dimension of the reciprocity between the economic and social agents. - This … regarding theories of reciprocity. - …
Persistent link: https://www.econbiz.de/10005623238
reciprocity: stakeholders punish but do not reward, whereas spectators both reward and punish. This result suggests that the lack … of positive reciprocity found in other studies is not due to an asymmetry in underlying reciprocal preferences but rather …
Persistent link: https://www.econbiz.de/10005616927
I show how improper conditioning of beliefs can lead to under-contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who...
Persistent link: https://www.econbiz.de/10011109699
The equivalence of markets and games concerns the relationship between two sorts of structures that appear fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with concave utility functions generate totally balanced games...
Persistent link: https://www.econbiz.de/10009328147
Implementing a project, like a nationwide nuclear waste disposal, which benefits all involved agents but brings major costs only to the host is often problematic. In practice, revelation issues and redistributional concerns are significant obstacles to achieving stable agreements. We address...
Persistent link: https://www.econbiz.de/10004961502
are for the field. External validity is remarkably high. In all experiments, subjects display an equally high amount of …
Persistent link: https://www.econbiz.de/10009652044
Barbanel, Brams, and Stromquist (2009) asked whether there exists a two-person moving-knife procedure that yields an envy-free, undominated, and equitable allocation of a pie. We present two procedures: One yields an envy-free, almost undominated, and almost equitable allocation, whereas the...
Persistent link: https://www.econbiz.de/10008595902
We report laboratory data on earned wealth effects in a series of anonymous dictator games. In addition to a standard (baseline) treatment in which wealth was determined by the experimenter, we conduct treatments in which either the dictator or the receiver earned wealth used in the subsequent...
Persistent link: https://www.econbiz.de/10005836258
A Japanese General Social Survey is used to re-examine how voluntary giving is associated with inequality aversion, and how the relationship differs between high- and low-income groups. This paper also investigates how social capital influences that relationship. The key findings are that (1)...
Persistent link: https://www.econbiz.de/10011260635