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Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...
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We report and analyze the results of a series of classroom experiments on the voluntary provision of public goods. Using fixed effect panel regression models we find that cooperation significantly increases when participants are forced to guess the degree of overall cooperation. We also find...
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the role and influence of firms on the development and diffusion of OSS. …
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) expectations. Our results show that introspection causally increases cooperation. Both home-grown idealism and the experiences with …
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In this paper, we investigate the joint influence of empirical and normative expectations on cooperative behavior. We … norms under the form of normative and empirical expectations. In a situation where individuals can decide conditionally on … regarding others' behavior, empirical and normative expectations diverge substantially. While individuals believe that …
Persistent link: https://www.econbiz.de/10012548861
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This chapter defines defense economics and indicates how it differs from other subfields of economics. The nature and topics of defense economics are presented. A brief history of the field is also reviewed. The current importance of defense economics in the post-cold war era is discussed....
Persistent link: https://www.econbiz.de/10014024430