Showing 1 - 10 of 20
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
Field evidence suggests that agents belonging to the same group tend to behave similarly, i.e., behavior exhibits social interaction effects. Testing for such effects raises severe identification problems. We conduct an experiment that avoids these problems. The main design feature is that each...
Persistent link: https://www.econbiz.de/10011507945
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences …. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences …, although during the last two decades, the use of lab experiments has accelerated. Nonetheless, there remains considerable …
Persistent link: https://www.econbiz.de/10003899889
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences …. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences …, although during the last two decades, the use of lab experiments has accelerated. Nonetheless, there remains considerable …
Persistent link: https://www.econbiz.de/10003909477
We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit...
Persistent link: https://www.econbiz.de/10003975632
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences …. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences …, although during the last two decades, the use of lab experiments has accelerated. Nonetheless, there remains considerable …
Persistent link: https://www.econbiz.de/10003923537
The behavioral relevance of non-binding defaults is well established. While most research has focused on decision makers’ responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of default effects requires to...
Persistent link: https://www.econbiz.de/10011345779
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10003031484
The behavioral relevance of non-binding default options is well established. While most research has focused on decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of the foundation of...
Persistent link: https://www.econbiz.de/10010128312