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We investigate experimentally whether the extent of conditional cooperation in public good games depends on the … leads and three follow. Even though we observe less conditional cooperation for an MPCR of 0.2, the prevalence of … conditional cooperation remains relatively stable to changes in the MPCR and game timing. In contrast, the level of MPCR has a …
Persistent link: https://www.econbiz.de/10010970523
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009294862
Two independent, but related, choice prediction competitions are organized that focus on behavior in simple two-person extensive form games (http://sites.google.com/site/extformpredcomp/): one focuses on predicting the choices of the first mover and the other on predicting the choices of the...
Persistent link: https://www.econbiz.de/10009203557
-mover behavior based on inequality aversion are in contrast to reciprocity. We find that inequality aversion explains only few … intuitive notions of reciprocity than by inequality aversion. Extending the model by allowing for alternative reference points … good short-hand for reciprocity is driven by biased design choices. …
Persistent link: https://www.econbiz.de/10008685288
literature defines a “reciprocity effect” as the tendency for Second Movers to return proportions increasing in the amounts that … they receive. In the data that I use, 31% of Second Movers show reciprocity effects, 31% are neutral, and 25% consistently … free-ride, indicating that the aggregate reciprocity effect for the sample as a whole is attributable to a minority of the …
Persistent link: https://www.econbiz.de/10011030502
competing firms provided that they consider collusive prices to be kind and punishment prices to be unkind. Thus, reciprocity … with unkind actions (negative reciprocity), while at the same time, it responds to kind behavior of rivals with kind … actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards …
Persistent link: https://www.econbiz.de/10011030515
increase of cooperation, which is here extended to all two-player social dilemmas. In addition, we discuss the role of the …
Persistent link: https://www.econbiz.de/10008682974
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … partners for collaboration, while cooperation problems arise at the investment levels of partners who have already agreed to …. It is mostly found that if cooperation is successful in terms of investment, it is due to subjects being able to monitor …
Persistent link: https://www.econbiz.de/10008682975
Players in economic situations often have preferences not only over their own outcome but also over what happens to fellow players, entirely apart from any strategic considerations. While this can be modeled directly by simply writing down final preferences, these are commonly unknown <em>a priori</em>....
Persistent link: https://www.econbiz.de/10011030509
In repeated public good experiments, reciprocity helps to sustain high levels of cooperation. Can this be achieved by … location. This mechanism of individually targeted sanctions helps to foster initial cooperation. It decreases over time …, however. Location choices are used to reciprocate, but may not suffice to stabilize voluntary cooperation as an effect …
Persistent link: https://www.econbiz.de/10011030518