Showing 1 - 10 of 66,391
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …
Persistent link: https://www.econbiz.de/10004992488
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …
Persistent link: https://www.econbiz.de/10005703775
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …
Persistent link: https://www.econbiz.de/10005406364
This paper examines the voluntary formation of centralized sanctioning institutions. We introduce a simple model to … study institution formation as a second-order cooperation problem where voluntary contributions to a common fund serve as an … instrument to finance centralized sanctioning institutions. Our model illustrates how self-interested motivations may lead to the …
Persistent link: https://www.econbiz.de/10011051748
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010239265
The provision of public goods often relies on voluntary contributions and cooperation. While most of the experimental … literature focuses on individual contributions, many real-world problems involve the formation of institutions among subgroups … coalitions in different institutions and compares those to a voluntary contribution mechanism. The experiment confirms the rather …
Persistent link: https://www.econbiz.de/10010300513
The provision of public goods often relies on voluntary contributions and cooperation. While most of the experimental … literature focuses on individual contributions, many real-world problems involve the formation of institutions among subgroups … coalitions in different institutions and compares those to a voluntary contribution mechanism. The experiment confirms the rather …
Persistent link: https://www.econbiz.de/10010270216
We investigate how burden sharing rules may impact the voluntary provision of a public good which generates heterogeneous benefits to agents. We compare different rule-based contribution schemes that are based on the principle of the smallest common denominator: all agents can suggest a minimum...
Persistent link: https://www.econbiz.de/10010308952
We experimentally test different rule-based contribution mechanisms in a repeated 4-player public goods game with endowment heterogeneity and compare them to a VCM, distinguishing between a random- and an effort-based allocation of endowments. We find that endowment heterogeneities limit the...
Persistent link: https://www.econbiz.de/10010405141
exist in work teams. Our results show that the introduction of a team allocator leads to pronounced cooperation in both …
Persistent link: https://www.econbiz.de/10012498512