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I prove that, in assignment markets with more than two sides, agents of different sides (or sectors) need not be complements, whereas agents of the same side need not be substitutes. Shapley (1962) showed that this cannot happen when assignment markets are bilateral. Nevertheless, I found...
Persistent link: https://www.econbiz.de/10004998476
We introduce the class of multi-sided B ohm-Bawerk assignment games, which generalizes the well-kown two-sided B ohm-Bawerk assignment games to situations with an arbitrary number of sectors. We reach the extreme core allocations of any multi-sided B ohm- Bawerk assignment game by means of an...
Persistent link: https://www.econbiz.de/10008515122
Previous research has suggested that communication and especially promises in-crease cooperation in laboratory … the overall level of cooperation in our experiments with double-blind payoff procedures. However, we also find no evidence … that communication impacts cooperation in our experiments with single-blind payoff proce-dures. Further, the payoff …
Persistent link: https://www.econbiz.de/10010907406
While the public good experiment has been used to analyze cooperation among various groups in Western Europe and North … altruistic punishment, to antisocial punishment, and ultimately to enhanced cooperation in Turkish society. …
Persistent link: https://www.econbiz.de/10011807205
We develop, and experimentally test, models of informal agreements. Agents are assumed to be honest but suffer costs of overcoming temptations. We extend two classical bargaining solutions -- split-the-difference and deal-me-out -- to this informal agreement setting. For each solution there are...
Persistent link: https://www.econbiz.de/10011199691
experiments is consistent with existing theory. The design of the experiments focuses on the axioms of revealed altruism theory …
Persistent link: https://www.econbiz.de/10010907397
Previous research has suggested that communication and especially promises increase cooperation in laboratory … increases the overall level of cooperation in our double blind experiment. However, our results are due in part to the high … level of cooperation that we observe, leading us to conduct additional single blind conditions. Ultimately, we find no …
Persistent link: https://www.econbiz.de/10009371391
This paper reports an experiment evaluating the effect of gift giving on building trust in a relationship. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether to give a gift to the...
Persistent link: https://www.econbiz.de/10005056480
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10005056481
Since the analysis of a self-enforcing agreement by Barrett (1994) it has been clear that the ratio between the slopes of the marginal cost and marginal benefit functions is conclusive for stability of self-enforcing agreements. For example Finus and Rundshagen (1998) stated: 'it turns out that...
Persistent link: https://www.econbiz.de/10005651628