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We investigate, experimentally, the effects of leadership in a four player weak-link game. A weak-link game is a coordination game with multiple Pareto-ranked Nash equilibria. Because the more efficient equilibria involve a degree of strategic uncertainty groups typically find it difficult to...
Persistent link: https://www.econbiz.de/10010277810
We investigate, experimentally, the effects of leadership in a four player weak-link game. A weak-link game is a coordination game with multiple Pareto-ranked Nash equilibria. Because the more efficient equilibria involve a degree of strategic uncertainty groups typically find it difficult to...
Persistent link: https://www.econbiz.de/10003904190
Persistent link: https://www.econbiz.de/10010385630
Persistent link: https://www.econbiz.de/10010258539
We investigate experimentally whether the endowment of potential contributors changes the success rate of providing threshold public goods. We find a U shaped relationship in which the success rate is relatively high when the endowment is either relatively small or large. We also find an...
Persistent link: https://www.econbiz.de/10008749645