Using a laboratory experiment, we investigate whether a variety of behaviors in repeated games are related to an array …

This paper investigates the crowding-out effect of formal insurance on informal risk-sharing arrangements via theory … and laboratory experiment. Our model and simulation predict that the crowding out of private transfers is often more than … by the laboratory experiment, except that the crowding-out effect is not more than one-for-one, and hence the total risk …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …

which very negligible benefits are received by community members. Our theory predicts that the presence of such a “pass mark … significantly increase the incidence of free-riding, even when the theory predicts the opposite. In general, the mixed strategy Nash … that fit observed play in the laboratory much better than the earlier “steady state” theory predictions …

We experimentally explore indefinitely repeated contests. Theory predicts more cooperation, in the form of lower … this result attenuates with contest experience. Theory also predicts more cooperation in indefinitely repeated contests … compared to finitely repeated contests of the same expected length, and we find empirical support for this. Finally, theory …