In the intertemporal common-pool resource game, non-cooperative behavior produces externalities reducing subjects' payoffs in both the present and the future. In this paper, we investigate through two experiments whether binding contracts, non-binding promises and social feedback help to promote...

In the intertemporal common-pool resource game, non-cooperative behavior produces externalities reducing subjects' payoffs in both the present and the future. In this paper, we investigate through two experiments whether binding contracts, non-binding promises and social feedback help to promote...

This article contributes to the research on trust and reputation formation in anonymous online markets. I first give a formal account of the reputation mechanism in anonymous online markets and derive testable hypotheses. Based on the analysis of a large set of process data (N≈176,000), I...