Showing 1 - 10 of 461
Persistent link: https://www.econbiz.de/10000885851
Persistent link: https://www.econbiz.de/10000940959
Persistent link: https://www.econbiz.de/10000940961
Persistent link: https://www.econbiz.de/10000921737
Persistent link: https://www.econbiz.de/10003897895
The endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous experiments. We attempt to explain this effect by showing that evolution favors individuals whose...
Persistent link: https://www.econbiz.de/10009657123
In this experimental study we analyse three collective and one individual punishment rule in a public good setting. We show that under all punishment rules cooperation is stronger and more sustainable than reported from settings without punishment. Moreover, we present evidence and explanations...
Persistent link: https://www.econbiz.de/10009627290
Persistent link: https://www.econbiz.de/10000959005
We analyze the impact of an individual's tendency to worry on willingness to pay (WTP) for a protective measure. We report on the results of a controlled experiment with real objects at stake. Worry was measured with the Worry Domains Questionnaire, an instrument determining an individual's...
Persistent link: https://www.econbiz.de/10009621419
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10009620765