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Theoretical models have had difficulties to account, at the same time, for the most important stylized facts observed in experiments of the Voluntary Contribution Mechanism. A recent approach tackling that gap is Arifovic and Ledyard (2012), which implements social preferences in tandem with an...
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of social life: hierarchy and power asymmetry. While recent accounts posit that hierarchies can reduce within … understanding the influence of hierarchy and power on cooperation within dyads and groups. …
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