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Persistent link: https://www.econbiz.de/10001668844
We develop a model of two municipalities providing two public services. We show that in case of intermediate level of transferability of public services between two municipalities, Pareto-suboptimal Nash equilibrium exists. In this case, cooperation between municipalities or merging of two...
Persistent link: https://www.econbiz.de/10012125645
Aim: Develop a methodological approach to reduce uncertainty of knowledge necessary for decision making in quick … recognized as a good paradigm in Kuhn’s sense suitable to build certain knowledge in the uncertain surroundings. So, it is the … for decision making processes based on uncertain information and knowledge. In this paper a methodology of introduction …
Persistent link: https://www.econbiz.de/10013198731
Our study analyzes the consequences of workers' participation in the wage setting process on effort exertion. The experimental design is based on a modified giftexchange game where the degree of workers' involvement in the wage setting process is systematically varied among the workers. The...
Persistent link: https://www.econbiz.de/10010338138
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within organizations. This experimental study aims at contributing to...
Persistent link: https://www.econbiz.de/10011391585
threat of terminating them from the team (Alchian and Demsetz, 1972). We extend a standard weakest link experiment with a …
Persistent link: https://www.econbiz.de/10010532586
-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …
Persistent link: https://www.econbiz.de/10011301155
We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group's size yields potential efficiency gains, but only if...
Persistent link: https://www.econbiz.de/10010260008
We study how subjects in an experiment use different forms of public information about their opponents' past behavior …
Persistent link: https://www.econbiz.de/10011437784
experiment. …
Persistent link: https://www.econbiz.de/10011557869