According to theory a pure meritocracy is efficient because individual members are competitively rewarded according to their individual contributions to society. However, purely individually based meritocracies seldom occur. We introduce a new model of social production called “team-based...

A new mechanism that substantially mitigates social dilemmas is examined theoretically and experimentally. It resembles the voluntary contribution mechanism (VCM) except that in each decision round subjects are ranked and then grouped according to their public contribution. The game has multiple...

We examine theoretically and experimentally how competitive contribution-based group formation affects incentives to free-ride. We introduce a new formal model of social production, called a "Group-based Meritocracy Mechanism" (GBM), which extends the single-group-level analysis of a Voluntary...

We prove the generic equivalence between quasi-perfect equilibrium and sequential equilibrium. Combining this result with Blume and Zame (Econometrica 62:783–794, <CitationRef CitationID="CR2">1994</CitationRef>) shows that perfect, quasi-perfect and sequential equilibrium coincide in generic games. Copyright Springer-Verlag Berlin...</citationref>

We prove the generic equivalence between quasi-perfect equilibrium and sequential equilibrium. Combining this result with Blume and Zame (1994) shows that perfect, quasi-perfect and sequential equilibrium coincide in generic games.

China is vast, abundant and particularly plentiful in energy sources, due to which it has obtained remarkable achievements on economy. However, its energy structure is too simple to support the sustainable development of economy as coal still contributes to the majority of energy consumption in...

As the development of economy and the improvement of living standards, both power demand and power grid capacity are increasing in China. Meanwhile, power consumption structure has undergone great changes which makes the peak–valley difference of power grid is growing, and the contradiction...