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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
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
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
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/10014319160
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, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153