Narrow search
Showing 1 - 10 of 109
Cover Image
The joint benefits of observed and unobserved punishment : comment to unobserved punishment supports cooperation
Glöckner, Andreas; Kube, Sebastian; Nicklisch, Andreas - 2011
Laboratory experiments by Fudenberg and Pathak (2010), and Vyrastekova, Funaki and Takeuch (2008) show that punishment … results demonstrate that the real power of unobserved punishment is unleashed when combined with observable punishment …. Providing both unobserved and observed punishment strongly enhances cooperation within groups - strikingly, even with less …
Persistent link: https://www.econbiz.de/10009380662
Cover Image
Asymmetric enforcement of cooperation in a social dilemma
Nikiforakis, Nikos; Normann, Hans-Theo; Wallace, Brian - 2009
We use a public-good experiment to analyze behavior in a decentralized asymmetric punishment institution. The … institution is asymmetric in the sense that players differ in the effectiveness of their punishment. At the aggregate level, we … observe remarkable similarities between outcomes in asymmetric and symmetric punishment institutions. Controlling for the …
Persistent link: https://www.econbiz.de/10003862419
Cover Image
Mechanism design and voting for public-good provision
Bierbrauer, Felix; Hellwig, Martin - 2011
We propose a new approach to the normative analysis of public-good provision. In addition to individual incentive compatibility, we impose conditions of robust implementability and coalition proofness. Under these additional conditions, participants' contributions can only depend on the level of...
Persistent link: https://www.econbiz.de/10009488631
Cover Image
Public-good provision, mechanism design and voting
Bierbrauer, Felix; Hellwig, Martin - 2015
We study the relation between mechanism design and voting in public-good provision. If incentive mechanisms must satisfy conditions of coalition-proofness and robustness, as well as individual incentive compatibility, the participants' contributions to public-good provision can only depend on...
Persistent link: https://www.econbiz.de/10011305201
Cover Image
Public-good provision in large economies : robust incentive compatibility, immunity to robustly blocking coalitions, and voting
Bierbrauer, Felix; Hellwig, Martin - 2015
In a large economy, a first-best provison rule for a public good is robustly implementable with budget balance because no one individual alone can affect the aggregate outcome. First-best outcomes can, however, be blocked by coalitions of agents acting in concert. With a requirement of immunity...
Persistent link: https://www.econbiz.de/10011334017
Cover Image
A random shock is not random assignment
Engel, Christoph - 2016
higher certainty with higher severity of punishment for stealing (holding the expected value of the intervention constant …
Persistent link: https://www.econbiz.de/10011478687
Cover Image
The EU debt crisis : testing and revisiting conventional legal doctrine
De Grauwe, Paul; Ji, Yuemei; Steinbach, Armin - 2016
Controversies surrounding the European sovereign debt crisis loom prominent in the public debate. From a legal perspective, the no-bailout rule and the ban on monetary financing constitute the main principles governing the legality review of financial assistance and liquidity measures....
Persistent link: https://www.econbiz.de/10011516671
Cover Image
Optimal Income Taxation, Public-Goods Provision and Public-Sector Pricing : A Contribution to the Foundations of Public Economics
Hellwig, Martin - 2004
The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring...
Persistent link: https://www.econbiz.de/10010274198
Cover Image
The joint benefits of observed and unobserved punishment: Comment to unobserved punishment supports cooperation
Glöckner, Andreas; Kube, Sebastian; Nicklisch, Andreas - 2011
Laboratory experiments by Fudenberg and Pathak (2010), and Vyrastekova, Funaki and Takeuch (2008) show that punishment … results demonstrate that the real power of unobserved punishment is unleashed when combined with observable punishment …. Providing both unobserved and observed punishment strongly enhances cooperation within groups - strikingly, even with less …
Persistent link: https://www.econbiz.de/10010286696
Cover Image
Leading with(out) sacrifice? : a public-goods experiment with a super-additive player
Glöckner, Andreas; Irlenbusch, Bernd; Kube, Sebastian - 2009
We analyse two team settings in which one member in a team has stronger incentives to contribute than the others. If contributions constitute a sacrifice for the strong player, the other team members are more inclined to cooperate than if contributions are strictly dominant for the strong...
Persistent link: https://www.econbiz.de/10003862276