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minds, how much of our behavior can still be explained by narrow pecuniary self-interest by itself? In an experiment where …
Persistent link: https://www.econbiz.de/10012886353
Frequent violations of fair principles in real-life settings raise the fundamental question of whether such principles can guarantee the existence of a self-enforcing equilibrium in a free economy. We show that elementary principles of distributive justice guarantee that a pure-strategy Nash...
Persistent link: https://www.econbiz.de/10012659137
comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of …
Persistent link: https://www.econbiz.de/10014500522
hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …
Persistent link: https://www.econbiz.de/10012547790
, the extent to which the Nash threat leads to Pareto-improving extraction levels. Through our experiment, we confirm the …
Persistent link: https://www.econbiz.de/10012650460
We report an experiment designed to study bargaining behavior between one buyer and multiple sellers with …
Persistent link: https://www.econbiz.de/10015073214
The stag-hunt game is a prototype for social contracts. Adopting a new and better social contract is usually challenging because the current one is already well established and stable due to sanctions imposed on non-conforming members. Thus, how does a population shift from the current social...
Persistent link: https://www.econbiz.de/10014422635
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on two formats, the so-called Euro-Latin and Anglo-American agendas. In the current paper, I introduce a broad class of agendas whose defining structural features,...
Persistent link: https://www.econbiz.de/10012415641
In this article we combine Debreu's (1952) social system with Hurwicz's (1994, 2008) ideas of embedding a "desired" game form into a "natural" game form that includes all feasible behavior, even if it is "illegal" according to the desired form. For the resulting socio-legal system we extend...
Persistent link: https://www.econbiz.de/10012499554
We study games with natural-language labels (i.e., strategic problems where options are denoted by words), for which we propose and test a measurable characterization of prominence. We assume that-ceteris paribus-players find particularly prominent those strategies that are denoted by words more...
Persistent link: https://www.econbiz.de/10012432864