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Incorporating fairness motives into the impulse balance equilibrium and quantal response equilibrium concepts: An application to 2x2 games
Tavoni, Alessandro - 2009
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10010279402
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Warm-Glow Giving in Networks with Multiple Public Goods
Richefort, Lionel - 2017
This paper explores a voluntary contribution game in the presence of warm-glow effects. There are many public goods and each public good benefits a different group of players. The structure of the game induces a bipartite network structure, where players are listed on one side and the public...
Persistent link: https://www.econbiz.de/10011816735
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Extrapolation in games of coordination and dominance solvable games
Mengel, Friederike; Sciubba, Emanuela - 2010
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
Persistent link: https://www.econbiz.de/10010272485
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(Anti-) coordination in networks
Kovarik, Jaromir; Mengel, Friederike; Romero, José Gabriel - 2010
We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which players are heterogeneous in the number of connections...
Persistent link: https://www.econbiz.de/10010272506
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Predicting one Shot Play in 2x2 Games Using Beliefs Based on Minimax Regret
Gallice, Andrea - 2006
We present a simple procedure that selects the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 matching pennies games. As a first step we axiomatically describe players' beliefs. We find the minimax regret criterion to be the simplest functional form that...
Persistent link: https://www.econbiz.de/10010312257
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Equitable cost-benefit analysis of climate change
Tol, Richard S. J. - 1999
The literature of welfare-maximising greenhouse gas emission reduction strategies pays remarkably little attention to equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant and Rawls, maximises net present welfare, without...
Persistent link: https://www.econbiz.de/10011608505
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The grand experiment of communism: Discovering the trade-off between equality and efficiency
Farvaque, Etienne; Mihailov, Alexander; Naghavi, Alireza - 2011
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...
Persistent link: https://www.econbiz.de/10010279554
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The Egalitarian Sharing Rule in Provision of Public Projects
Savvateev, Alexei; Bogomolnaia, Anna; Le Breton, Michel; … - 2005
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10010312438
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Self-regulation and trust under endogenous transaction costs
Sacco, Pier Luigi - 1997
social norms of trust. We find that in certain cases, i.e. when the partnership is very rewarding in absolute terms and the … risk of exploitation from defector partners is relatively low, pure trust may emerge as a social standard of behaviour in a …-phase transition to pure trust may emerge: in the first phase, 'cautious' co-operators who monitor the partner spread over, to be …
Persistent link: https://www.econbiz.de/10011608313
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Does Diversity Drive Down Trust?
Uslaner, Eric M. - 2006
Some researchers claim that diverse populations lead to less trust. Generalized trust is a core value that leads to …
Persistent link: https://www.econbiz.de/10010312342