Showing 1 - 10 of 149
dampens cooperation, though only slightly. Surprisingly, externalities are immaterial. If we control for beliefs, they even … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …
Persistent link: https://www.econbiz.de/10010324009
psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …
Persistent link: https://www.econbiz.de/10011582792
Mechanism design theory strongly relies on the concept of Nash equilibrium. However, studies of experimental games show that Nash equilibria are rarely played and that subjects may be thinking only a finite number of iterations. We study one of the most influential benchmarks of mechanism design...
Persistent link: https://www.econbiz.de/10010471710
Apparently judges' decisions are not motivated by maximizing their own profit. The literature uses two strategies to explain this observation: judges care about the long-term monetary consequences for themselves, or individuals who are more strongly motivated by the common good self-select into...
Persistent link: https://www.econbiz.de/10011580499
In 1878 the liberal parties lost enough votes to loose the majority in the parliament which they had defended in the general election just one year before. In this paper, the question of where the voters came from and why the voting changed so crucially within one year are re-examined. The...
Persistent link: https://www.econbiz.de/10010266984
In 1878 the liberal parties lost enough votes to loose the majority in the parliament which they had defended in the general election just one year before. In this paper, the question of where the voters came from and why the voting changed so crucially within one year are re-examined. The...
Persistent link: https://www.econbiz.de/10003883662
Apparently judges’ decisions are not motivated by maximizing their own profit. The literature uses two strategies to explain this observation: judges care about the long-term monetary consequences for themselves, or individuals who are more strongly motivated by the common good self-select...
Persistent link: https://www.econbiz.de/10011553361
When agents face coordination problems their choices often impose externalities on third parties. We investigate … whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and … the sign of the externality. We find that third-party externalities have a limited effect on decisions. A large majority …
Persistent link: https://www.econbiz.de/10010189325
We run several experiments which allow us to compare cooperation under perfect and imperfect information and under a centralized and decentralized punishment regime. We find that (1) centralization by itself does not improve cooperation and welfare compared to an informal, peer-to-peer...
Persistent link: https://www.econbiz.de/10010323850