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This paper provides a new way to identify conditional cooperation in a real-time version of the standard voluntary contribution mechanism. Our approach avoids most drawbacks of the traditional procedures because it relies on endogenous cycle lengths, which are defined by the number of...
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Behavioural economics highlights the role of social preferences in economic decisions. Further, populations are heterogeneous, suggesting that the composition of social preference types within a group may impact the ability to sustain voluntary public goods contributions. We conduct agent-based...
Persistent link: https://www.econbiz.de/10013048689
reciprocity, we devised several linkage strategies and examined their evolutionary stability by agent-based simulation. The … simulation results showed that the linkage strategy based on kandori was evolutionarily stable even when perception errors …
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Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure …
Persistent link: https://www.econbiz.de/10009490199
Reliable institutions - i.e., institutions that live up to the norms that agents expect them to keep - foment cooperative behavior. We experimentally confirm this hypothesis in a public goods game with a salient norm that cooperation was socially demanded and corruption ought not to occur. When...
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