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Persistent link: https://www.econbiz.de/10012299909
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...
Persistent link: https://www.econbiz.de/10011398786
one-shot behavioural experiment in Papua New Guinea fit exactly this pattern. They thus indicate neither an evolutionary …
Persistent link: https://www.econbiz.de/10013465492
Persistent link: https://www.econbiz.de/10008688498
Social norms are a ubiquitous feature of social life and pervade almost every aspect of human social interaction. However, despite their importance we still have relatively little empirical knowledge about the forces that drive the formation, the maintenance and the decay of social norms. In...
Persistent link: https://www.econbiz.de/10011854858
This paper presents an experimental examination of the Falkinger (1996) mechanism for overcoming the free-rider problem. The basic idea of the mechanism is that deviations from the mean contribution to the public good are taxed and subsidized. The mechanism has attractive properties because (i)...
Persistent link: https://www.econbiz.de/10014205731
This paper presents an experimental examination of the Falkinger (1996) mechanism for overcoming the free-rider problem. The basic idea of the mechanism is that deviations from the mean contribution to the public good are taxed and subsidized. The mechanism has attractive properties because (i)...
Persistent link: https://www.econbiz.de/10014205732
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in …
Persistent link: https://www.econbiz.de/10014544917
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in …
Persistent link: https://www.econbiz.de/10014551421
revealed preference experiment, and without making any parametric assumptions, we show that 1/3 of participants belong in the …
Persistent link: https://www.econbiz.de/10010430733