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of distrust in the long run. The game theoretic models that depart from the universal self-interest assumption, on the …."This dissertation develops game theoretic models of social dilemmas with individuals who are rational in the sense that they have … social outcomes. This dissertation tests the implications of the models using a series of experimental data sets. The …
Persistent link: https://www.econbiz.de/10009468335
"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...
Persistent link: https://www.econbiz.de/10009468342
"Laboratory experiments have generally supported the fundamental theorem that, in classical property rights environments, noncooperative behavior in large group markets yields efficient social outcomes. Experiments, however, regularly fail to support the game theoretic prediction of...
Persistent link: https://www.econbiz.de/10009468384
"The classical economists were primarily engaged in analysis of the wonder that is production. The marginalists, while laying the foundation of mathematical economics, shifted its focus to rational behavior of a single consumer, presumably because there they found a problem readily amenable to...
Persistent link: https://www.econbiz.de/10009468398
Subsequently published as:"Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action … evidence is inconsistent with predictions from game theoretic models based strictly on self-regarding utilities. In recent … across individuals. In the research reported here, we examine two models of heterogeneous utility, linear-altruism and …
Persistent link: https://www.econbiz.de/10009468400
"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...
Persistent link: https://www.econbiz.de/10009468413
"In symmetric commons dilemmas, peer sanctioning, i.e. the possibility to gather information about the resource use of others and to sanction overuse, can be an effective structural solution in terms of resource conservation. However, most real world commons are characterized by structural...
Persistent link: https://www.econbiz.de/10009468416
engage a broad spectrum of stakeholders in the design and development of land and water management plans. It is based on … sustainable development. Its originality lies in the co-construction of a 'conceptual model' of thefunctioning of the territory …, according to an overarching, negotiated development question. The approachis based on the collective articulation of the key …
Persistent link: https://www.econbiz.de/10009468431
"Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current...
Persistent link: https://www.econbiz.de/10009468439
"In this paper we employ experimental economic methods to examine the effect of market structure on the use of marketable emissions permits. In particular, we ask whether firms can strategically manipulate a product market using marketable emissions permits. Subjects participate in two markets,...
Persistent link: https://www.econbiz.de/10009468442