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We use the Vote-with-the-Wallet game (VWG) to model socially or environmentally responsible consumption, an increasingly relevant but still under-researched phenomenon. Based on a theoretical model outlining game equilibria and the parametric interval of the related multiplayer prisoners'...
Persistent link: https://www.econbiz.de/10013014426
We simulate in a randomised lab experiment the effect of Cash Mobs on consumers' behaviour in an original variant of the multiplayer Prisoner's dilemma called Vote-with-the-wallet Game (VWG). The effect is modelled in a sequential game with/without an environmental frame in which a subset of...
Persistent link: https://www.econbiz.de/10012958431
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Natural disasters have been shown to produce effects on social capital, risk and time preferences of victims. We run experiments on altruistic, time and risk preferences on a sample of Sri Lankan microfinance borrowers affected/unaffected by the tsunami shock in 2004 at a 7-year distance from...
Persistent link: https://www.econbiz.de/10013065866