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- efficiency seeking. Our treatments rely on a 2x3 factorial design, differing in whether the responder or the third (dummy) player …
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Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...
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proposer's choice of the "pie" size. This has been shown to induce pie choices which are either efficiency or equality seeking … bias of competitive auctions. We find that entitlement crowds out equality seeking and strengthens efficiency seeking … ; Game ; Efficiency Seeking ; Inequity Aversion ; Satisficing …
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economics ; Equality vs. efficiency ; Equilibrium selection ; Laboratory experiments …
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participants seem to care more for efficiency than for equity. In three-person generosity games equal agreement payoffs for two of … - efficiency seeking. Our treatments rely on a 2x3 factorial design differing in whether the responder or the third (dummy) player … exogenously given agreement payoff. -- generosity game ; equity ; efficiency ; experiment …
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