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subjects’ choices generate a negative externality, while in the public good experiment, the actions of the other subjects … create a positive externality. In this paper we designed an experiment which allows us to compare the level of … overcontribution of the two contexts. Our experiment shows that subjects in the positive context contribute (significantly) more to the …
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obedience and in a public good experiment. We argue that the emotional process permits us to reveal to ourselves our true …
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We consider a dynamic version of sender-receiver games, where the sequence of states follows an irreducible Markov chain observed by the sender. Under mild assumptions, we provide a simple characterization of the limit set of equilibrium payoffs, as players become very patient. Under these...
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