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Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10005108453
study the impact of non-deterrent formal sanctions on voluntary contributions to a public good in a laboratory experiment …
Persistent link: https://www.econbiz.de/10011107459
Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...
Persistent link: https://www.econbiz.de/10011113335
This paper uses laboratory experiments to investigate the effects of alternative solutions to a common-pool resource with a unidirectional flow. The focus is on the comparative economic efficiency of communications, bilateral “Coasian” bargaining, auctions and price-based allocations. All...
Persistent link: https://www.econbiz.de/10008619172
The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of …
Persistent link: https://www.econbiz.de/10005619716
We report results from two different settings of a 3-player ultimatum game. Under the monocratic rule, a player is randomly selected to make an offer to two receivers. Under the democratic rule, all three players make a proposal, and one proposal is then extracted. A majority vote is required to...
Persistent link: https://www.econbiz.de/10005836873
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10011259038
A contest is a situation in which individuals or groups expend costly resources while competing to win a specific prize. The variety of economic situations that can be described as contests has attracted enormous attention from economic theorists. Despite the extensive theoretical research of...
Persistent link: https://www.econbiz.de/10011259262
This paper addresses the impact information has on electoral accountability in a legislative system based on seniority using laboratory experiments. A purely rational choice perspective of a simple voting environment implies that information is inconsequential when seniority is exceptionally...
Persistent link: https://www.econbiz.de/10011259528
model is used to predict outcomes in a pork-barrel experiment where subjects act as legislators and voters. Senior …
Persistent link: https://www.econbiz.de/10009295260