study the impact of non-deterrent formal sanctions on voluntary contributions to a public good in a laboratory experiment …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

A particular problem of traditional Rational Choice Theory is that it cannot explain equilibrium selection in simple … the theory of Team Reasoning (TR). Special consideration is given to TR’s concept of opportunistic choice and to the … resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a …

. Specifically, we intend to assess if there exists a risky choice theory that statistically fits group decisions significantly …

resources) can occur. Although the standard theory cannot explain over-dissipation, this phenomenon can be explained by … coherent picture of important behavioral dimensions that should be considered when studying rent-seeking behavior in theory and …

simultaneous social dilemmas. The divided-loyalty hypothesis, from organizational theory, predicts that cooperation will decline as … with different compared to the same group members. We employ a laboratory experiment to create consensus between these …