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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the opportunity to influence the rules of the game before they...
Persistent link: https://www.econbiz.de/10012010446
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the opportunity to influence the rules of the game before they...
Persistent link: https://www.econbiz.de/10012010646
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Intuitive Solutions in Game Representations : The Shapley Value Revisited
Dubey, Pradeep K. - 2018
We show that any transferable utility game can be represented by an assignment of facilities to players, in which it is intuitively obvious how to allocate the total cost of the facilities. The intuitive solution in the representation turns out to be the Shapley value of the game, and thus...
Persistent link: https://www.econbiz.de/10012925101
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The Roll Call Interpretation of the Shapley Value
Kurz, Sascha - 2018
The Shapley value is commonly illustrated by roll call votes in which players support or reject a proposal in sequence. If all sequences are equiprobable, a voter's Shapley value can be interpreted as the probability of being pivotal, i.e., to bring about the required majority or to make this...
Persistent link: https://www.econbiz.de/10012913266
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Increasing Altruistic and Cooperative Behaviour with Simple Moral Nudges
Capraro, Valerio - 2019
The conflict between pro-self and pro-social behaviour is at the core of many key problems of our time, as, for example, the reduction of air pollution and the redistribution of scarce resources. For the well-being of our societies, it is thus crucial to find mechanisms to promote pro-social...
Persistent link: https://www.econbiz.de/10012900728
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An Essay on Social Capital : Reflections on a Concept Linking Social Sciences
Paldam, Martin; Svendsen, Gert Tinggaard - 1998
Social capital is defined as mutual trust. It is related to production by a key hypothesis: social capital determines how easily people work together. An easy-to-use proxy (Putnam's Instrument) is the density of voluntary organizations. Social capital might be a new production factor which must...
Persistent link: https://www.econbiz.de/10014059258
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
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Ranks and Rivals : A Theory of Competition
Garcia, Stephen M.; Tor, Avishalom; Gonzalez, Richard - 2014
Social comparison theories typically assume a comparable degree of competition between commensurate rivals on a mutually important dimension. In contrast, however, the following set of studies reveals that the degree of competition between such rivals depends on their proximity to a standard....
Persistent link: https://www.econbiz.de/10014027303
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Sharing the Cost of a Path
Darmann, Andreas - 2014
In recent years, many authors have analysed fair division aspects in problems containing network structures. Frequently, the connection of all vertices of the network, i.e., a minimum cost spanning tree, and the sharing of its cost was considered. In this paper we study the fair division of...
Persistent link: https://www.econbiz.de/10013063568
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Inequality, Democracy, and Institutions : A Critical Review of Recent Research
Savoia, Antonio; Easaw, Joshy; McKay, Andrew D. - 2010
This paper surveys the theoretical and empirical literature on the effect of economic and political inequality on … existence of an inverse relationship between inequality and institutions, but more analysis is needed. Future empirical research … effect of inequality could also take place indirectly, through the influence of inequality on democratization …
Persistent link: https://www.econbiz.de/10014199186