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abstain initially from theft and devote more resources to production, and subjects from countries with higher quality …
Persistent link: https://www.econbiz.de/10010420268
diversion of resources from production unless the members of a given mini-society can abide by norms of non-theft or engage in … theft and most groups achieve much greater efficiency in the presence of communication. Ease of identifying who has engaged … in theft varies across the two communication treatments, but is of minor importance to the outcome. We find several …
Persistent link: https://www.econbiz.de/10011669324
abstain initially from theft and devote more resources to production, and subjects from countries with higher quality …
Persistent link: https://www.econbiz.de/10010312222
abstain initially from theft and devote more resources to production, and subjects from countries with higher quality …
Persistent link: https://www.econbiz.de/10010289958
abstain initially from theft and devote more resources to production, and subjects from countries with higher quality …
Persistent link: https://www.econbiz.de/10010290765
The prospect of receiving a monetary sanction for free riding has been shown to increase contributions to public goods. We ask whether the impulse to punish is unresponsive to the cost to the punisher, or whether, like other preferences, it interacts with prices to generate a conventional demand...
Persistent link: https://www.econbiz.de/10010318879
This article examines the nature of human behavior in a nested social dilemma referred to as the Spillover Game. Players are divided into two groups with positive production interdependencies. Based on theoretically derived opportunistic, local, and global optima, our experimental results...
Persistent link: https://www.econbiz.de/10010267122
reason is that informal sanctions achieve more efficient outcomes than theory predicts, especially when the mechanism is …
Persistent link: https://www.econbiz.de/10010287730
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10010281843
We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are the correlations between experimental choices with indicators regarding the security of property, trust and the quality of...
Persistent link: https://www.econbiz.de/10010322614