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equilibrium concept--the reciprocity set--that satisfies all of the aforementioned properties under mild conditions, and it is … easily implementable. In addition, it encourages positive reciprocity and generally protects minorities without having to …
Persistent link: https://www.econbiz.de/10012850001
fairness makes it focal or because many individuals dislike payoff inequities, as abundant experimental evidence suggests. In …
Persistent link: https://www.econbiz.de/10010224794
Persistent link: https://www.econbiz.de/10014291725
The theory of reciprocity is predicated on the assumption that people are willing to reward nice or kind acts and to …
Persistent link: https://www.econbiz.de/10013132580
reciprocity norm, irrespective of monetary consequences. …
Persistent link: https://www.econbiz.de/10010291837
In a two-person ¯nitely repeated public goods experiment, we use intentions data to interpret individual behavior. Based on a random-utility model speci¯cation, we develop a relationship between a player's beliefs about others' behavior and his contributions' plans, and use this relationship...
Persistent link: https://www.econbiz.de/10010275035
In a two-person ï¬nitely repeated public goods experiment, we use intentions data to interpret individual behavior. Based on a random-utility model speciï¬cation, we develop a relationship between a player's beliefs about others' behavior and his contributions' plans, and use this...
Persistent link: https://www.econbiz.de/10005090581
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...
Persistent link: https://www.econbiz.de/10010664597
Costless pre-play communication has been shown to effectively facilitate within-group coordination. However, in competitive coordination games, such as rent-seeking contests, better within-group coordination leads to more aggressive competition and lower efficiency. We report an experiment in...
Persistent link: https://www.econbiz.de/10011145376
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...
Persistent link: https://www.econbiz.de/10011113027