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Starting Small : Endogenous Stakes and Rational Cooperation
Andreoni, James - 2016
types can be exploited to enhance cooperation by structuring the twice-played prisoners' dilemma to “start small,” so that …
Persistent link: https://www.econbiz.de/10012999993
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Punishment and Cooperation in Stochastic Social Dilemmas
Xiao, Erte; Kunreuther, Howard - 2021
paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner … useful information for designing efficient incentive mechanisms to induce cooperation in a stochastic social dilemma …
Persistent link: https://www.econbiz.de/10013224395
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The Demand for Bad Policy When Voters Underappreciate Equilibrium Effects
Dal Bo, Ernesto - 2016
Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential...
Persistent link: https://www.econbiz.de/10012977628
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International Environmental Agreements Among Heterogeneous Countries with Social Preferences
Kolstad, Charles D. - 2014
Achieving efficiency for many global environmental problems requires voluntary cooperation among sovereign countries … due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in … economics seeks to understand how cooperation among countries on pollution abatement can be facilitated. However, why …
Persistent link: https://www.econbiz.de/10013052684
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Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...
Persistent link: https://www.econbiz.de/10013127977
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Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10013056583
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Which Social Cost of Carbon? A Theoretical Perspective
Kotchen, Matthew J. - 2016
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012992145
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Social Insurance, Information Revelation, and Lack of Commitment
Golosov, Mikhail - 2014
We study the optimal provision of insurance against unobservable idiosyncratic shocks in a setting in which a benevolent government cannot commit. A continuum of agents and the government play an infinitely repeated game. Actions of the government are constrained only by the threat of reverting...
Persistent link: https://www.econbiz.de/10013044626
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Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10013047026
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Learning Through Noticing : Theory and Experimental Evidence in Farming
Hanna, Rema - 2015
Existing learning models attribute failures to learn to a lack of data. We model a different barrier. Given the large number of dimensions one could focus on when using a technology, people may fail to learn because they failed to notice important features of the data they possess. We conduct a...
Persistent link: https://www.econbiz.de/10013036458