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drive cooperation down over time, and it decreases efficiency by almost 50% compared to the benchmark. This pattern is not … driven by delegates trying to exploit their fellow group members, as indicated by the theory - quite to the opposite, other …
Persistent link: https://www.econbiz.de/10010396026
, in contrast to standard theoretical predictions, unequal contributions across groups drive cooperation down over time … exploit their fellow group members, as indicated by the theory – quite to the opposite, other-regarding preferences and a re …-election incentives guarantee that delegates assign equal contributions for all group members. It is driven by conditional cooperation of …
Persistent link: https://www.econbiz.de/10013050253
this paper, we assess whether and how corruption affects cooperation using a public good game experiment. Overall … concurrent channels lead to lower levels of cooperation. First, the punishment of low contributors decreases both at the …
Persistent link: https://www.econbiz.de/10011713712
able to reduce free-riding incentives and may facilitate cooperation (or at least coordination) at the extensive margin of …
Persistent link: https://www.econbiz.de/10010477133
more costly, making cooperation more likely. We test this prediction with a laboratory experiment in which subjects first … those costs are arms-dependent, cooperation increases by nearly a third …
Persistent link: https://www.econbiz.de/10013120852
more costly, making cooperation more likely. We test this prediction with a laboratory experiment in which subjects first … those costs are arms-dependent, cooperation increases by nearly a third …
Persistent link: https://www.econbiz.de/10013067483
coordination of subjects on wrong anchors - a pattern of behavior that leads to mispricing in short-horizon markets. Long …
Persistent link: https://www.econbiz.de/10012037335
Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...
Persistent link: https://www.econbiz.de/10012947730
Monetary exchange is deemed essential when better incentive-compatible outcomes can be achieved with money than without it. We study essentiality both theoretically and experimentally, using finite-horizon monetary models that are naturally suited to the lab. We also follow the mechanism design...
Persistent link: https://www.econbiz.de/10014456517
Environment, social and governance (ESG) policies have become important to many investors. We model the interaction between ESG policy proposals and shareholder trading and voting under different sets of preferences, and we test the predictions of our model in a laboratory experiment. In a first...
Persistent link: https://www.econbiz.de/10014254991