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A controversy has been simmering in law for at least 30 years about whether pro bono work should be mandatory for lawyers, who now donate 1-3% of their time to the poor. This has centered on the unmet legal needs of the poor, the duty of lawyers, and the contrast with US doctors, who are...
Persistent link: https://www.econbiz.de/10010383298
We extend previous theoretical work on n-players complete information all-pay auction to incorporate heterogeneous risk and loss averse utility functions. We provide sufficient and necessary conditions for the existence of equilibria with a given set of active players with any strictly...
Persistent link: https://www.econbiz.de/10012935967
The mixed strategy Nash equilibrium (MNE) is a well-established concept in theory, but empirical and experimental support has been hampered by the need for a large sample size for across-subject choices and serial correlation for within-subject choices. We overcome these difficulties in testing...
Persistent link: https://www.econbiz.de/10013251100
Persistent link: https://www.econbiz.de/10011812005
Evidence for positive reciprocity, where subjects give more than dictators with the same endowment, has always been rare. We investigate the significant positive reciprocity in a prior experiment which broke a trust game into a 2-stage dictator game. There, the 2nd dictator knew that the 1st...
Persistent link: https://www.econbiz.de/10014174594