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formation, the maintenance and the decay of social norms. In particular, our knowledge about how norms affect behavior and how … goods provision - the quick emergence of a widely accepted social cooperation norm that demands high contributions but - in … consensus as well as the high cooperation demands required by the norm break down. However, when peer punishment is possible …
Persistent link: https://www.econbiz.de/10011854858
We examine the effect of payoff variations on cooperation in one-shot prisoner's dilemma games. We focus on three … impact on cooperation. Temptation directly deters cooperation and indirectly harms cooperation by lowering beliefs about the … opponent's cooperativeness. Efficiency indirectly affects cooperation through beliefs, but the magnitude of the effect is …
Persistent link: https://www.econbiz.de/10012243014
's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material … payoffs on cooperation, focusing on one-shot PD games where efficiency requires mutual cooperation. We report results from … our experiments and the complementary analyses is that cooperation in a PD increases with the gains of mutual cooperation …
Persistent link: https://www.econbiz.de/10014493805
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010261192
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and...
Persistent link: https://www.econbiz.de/10010334015
Chapter written for the Handbook of Reciprocity, Gift-Giving and Altruism …
Persistent link: https://www.econbiz.de/10010334040
reciprocity. Moreover, several theoretical papers have been written showing that the observed phenomena can be explained in a …
Persistent link: https://www.econbiz.de/10010427343
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...
Persistent link: https://www.econbiz.de/10010427345
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and … altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior. …
Persistent link: https://www.econbiz.de/10010427418
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010427435