Showing 1 - 10 of 5,695
Introducing a threshold in the sense of a minimal project size transforms a public-good game with an inefficient … thresholds are ineffective at best and often counterproductive. This holds over a range of threshold levels and refund rates. We … test whether thresholds perform better if they are endogenously chosen, i.e., whether a threshold is approved in a …
Persistent link: https://www.econbiz.de/10010625733
This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal sized groups compete for a prize that is shared equally among members of the winning group, regardless of their (costly) contributions to the group's success. We find that...
Persistent link: https://www.econbiz.de/10010316824
This paper examines whether and how communication can help groups solve coordination and free-rider problems when they compete with another group for a public-good prize. We find that when group members make an anonymous individual decision on whether or not to contribute to the group success,...
Persistent link: https://www.econbiz.de/10008528456
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10010287731
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10011344858
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10011288420
We show theoretical and experimental results that demonstrate the potential of transparency to influence committee decision making and deliberation. We present a model in which committee members have career concerns and unanimity is needed to change the status quo. We study three scenarios -...
Persistent link: https://www.econbiz.de/10010486059
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...
Persistent link: https://www.econbiz.de/10011444227
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10011336977
more often than simple majority. In a series of laboratory experiments, we investigate how various rules affect the outcome …
Persistent link: https://www.econbiz.de/10011872697