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We study the dynamics of the private provision of a public good that requires both capacity buildup and ongoing operating costs. We show that setting a time limit for the collection of contributions dedicated to capacity buildup minimizes the utility loss at the Nash equilibrium. We test the...
Persistent link: https://www.econbiz.de/10010413626
examine the relative effectiveness of these two mechanisms in a one-shot, two-person public goods game experiment. We find …
Persistent link: https://www.econbiz.de/10010504597
Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can undermine the effectiveness of audits. We conduct a...
Persistent link: https://www.econbiz.de/10011985963
receive restricted access (a lower share). In a laboratory experiment Rank-Order-VCM elicits median contributions equal to the …
Persistent link: https://www.econbiz.de/10012064430
We run a public good experiment in the field and in the lab with (partly) the same subjects. The field experiment is a … true natural field experiment as subjects do not know that they are exposed to an experimental variation. We can show that … subjects' behavior in the classic lab public good experiment correlates with their behavior in the structurally comparable …
Persistent link: https://www.econbiz.de/10008823173
guess the degree of overall cooperation. We also find that the possibility to make announcements during the experiment …
Persistent link: https://www.econbiz.de/10010507016
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10011343948
Despite a large theoretical and empirical literature on public goods and common-pool resources, a systematic comparison of these two types of social dilemmas is lacking. In fact, there is considerable confusion about these two types of dilemma situations. As a result, they are often treated...
Persistent link: https://www.econbiz.de/10011581340
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014321962
experiment (N=181) comparing an effort based public goods game (both in gain/loss frame) to a standard (gain/loss) public goods …
Persistent link: https://www.econbiz.de/10014283916