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mechanisms. In our experiment, subjects have to make two decisions. In the first stage, subjects decide on the contribution to a …
Persistent link: https://www.econbiz.de/10010353542
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We compare voluntary contributions to the financing of a public good in a symmetric setting to those in asymmetric settings, in which four players have different, randomly allocated endowments. We observe that a weak asymmetry in the endowment distribution leads to the same contribution level as...
Persistent link: https://www.econbiz.de/10010410644
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This paper describes the results of a natural field experiment that investigated voluntary contributions to a public … good. The experiment took place at an art gallery where admission was free, but donations could be deposited into a …
Persistent link: https://www.econbiz.de/10013153089
Problems of cooperation have often been simplified as the choice between defection and cooperation, although in many empirical situations it is also possible to walk away from the interaction. When opting out of is a feasible alternative, it is questionable whether known solutions to the problem...
Persistent link: https://www.econbiz.de/10013215410
Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or … outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental … relevant theory. At a recent conference, a question was asked about where experimental methods might be more useful than field …
Persistent link: https://www.econbiz.de/10012254727
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Questions remain as to whether results from experimental economics games are generalizable to real decisions in non-laboratory settings. Furthermore, important questions persist about whether social capital can help solve seemingly missing credit markets. I conduct two experiments, a Trust game...
Persistent link: https://www.econbiz.de/10011613263
'Until not much more than 20 years ago, economists frequently lamented the fact that they were limited in their empirical analyses to statistical assessments of market behavior, because controlled economic experiments were (thought to be) infeasible, unethical, or both. Much has changed in the...
Persistent link: https://www.econbiz.de/10011851634