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In empirischen und theoretischen Untersuchungen wird die Rolle von Verträgen für das Zustandekommen von ökonomischen Transaktionen auf Arbeitsmärkten betont. Da die Investitionstätigkeit in Sach- und Humankapital sowie in Forschung und Entwicklung häufig spezifisch erfolgt, ist es...
Persistent link: https://www.econbiz.de/10009471912
We analyze a model of Internet auctions. Sellers each offer one item of a heterogeneous good to bidders who have unit-demand preferences. Items are sold in second-price proxy auctions. We derive a perfect Bayesian (epsilon-) equilibrium. Our experimental findings support the theoretical results....
Persistent link: https://www.econbiz.de/10009434632
drivers. In this paper we present the results of an economic experiment designed to explore how reciprocity interacts with … variability and uncertainty significantly increased transfers and gains from trade within our experiment. When participants faced … experiment trust was evident from the onset. Given resource variability and uncertainty are key drivers in semiarid systems, new …
Persistent link: https://www.econbiz.de/10009468333
"A common-pool resource (CPR) is defined as any resource in which exclusion is difficult and consumption of resource units is rival. Examples of CPRs include groundwater basins, fisheries, forests, grazing ranges, and irrigation systems in which property rights--or the ability to uphold such...
Persistent link: https://www.econbiz.de/10009468337
"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...
Persistent link: https://www.econbiz.de/10009468340
"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...
Persistent link: https://www.econbiz.de/10009468354
"Laboratory experiments have generally supported the fundamental theorem that, in classical property rights environments, noncooperative behavior in large group markets yields efficient social outcomes. Experiments, however, regularly fail to support the game theoretic prediction of...
Persistent link: https://www.econbiz.de/10009468384
"In particular, the academic debate over the best prediction about the behavior of people that use a common-pool resource (CPR), and the recommended policy approaches to the CPR dilemma have undergone a very interesting evolution throughout the last 3 decades of the pastcentury, since the...
Persistent link: https://www.econbiz.de/10009468435
mechanism effective in curtailing excessive harvesting from the commons? The results of this economic experiment suggest that …
Persistent link: https://www.econbiz.de/10009468460
for same-function alliances, but not for cross-function alliances. We test these equilibrium predictions in an experiment …
Persistent link: https://www.econbiz.de/10009475396