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For decades, experimental economics has been very interested in behavior that could be characterized as practicing solidarity (although the term is rarely used). Solidarity is a key concept in Catholic Social Teaching. This paper builds a bridge between these two endeavors that, thus far, had...
Persistent link: https://www.econbiz.de/10011553331
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Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...
Persistent link: https://www.econbiz.de/10009007141
punishment helps sustain cooperation if participants experience free-riding. -- deterrence ; public good experiment ; inequity …
Persistent link: https://www.econbiz.de/10009742336
oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …
Persistent link: https://www.econbiz.de/10003877116
Providing public goods is hard, because providers are best off free-riding. Is it even harder if one group's public good is a public bad for another group or, conversely, gives the latter a windfall profit? We experimentally study public goods provision embedded in a social context and find that...
Persistent link: https://www.econbiz.de/10003877140
Behaviour in economic games is not only noisy. One has reason to believe that heterogeneity is patterned. A prominent application is the linear public good. It is widely accepted that choices result from participants holding discernible types. Proposed types, like freeriders or conditional...
Persistent link: https://www.econbiz.de/10014081314
Sanctions are often so weak that a money maximizing individual would not be deterred. In this paper I show that they may nonetheless serve a forward looking purpose if sufficiently many individuals are averse against advantageous inequity. Using the Fehr/Schmidt model (QJE 1999) I define three...
Persistent link: https://www.econbiz.de/10013081462
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According to Adam Smith (1790), human selfishness can be restrained by introspection. We test the effect of introspection on people’s willingness to cooperate in a public good game. Drawing on the concept of identity utility (George A. Akerlof and Rachel E. Kranton, 2000), we show...
Persistent link: https://www.econbiz.de/10010459020