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The possibility of forward trading has been shown to restore social efficiency in Cournot oligopolies if marginal costs are constant. The paper analyzes the more general case that marginal costs are non-decreasing. I show that increasing marginal costs diminish the “strategic...
Persistent link: https://www.econbiz.de/10011041667
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To statistically infer the motives underlying pro-social behavior, econometric models of choice are required. Such inference is comparable across studies if the choice model yields estimates that are precise in-sample and robust out-of-sample. Analyzing two extensive dictator game data sets, I...
Persistent link: https://www.econbiz.de/10010709093
Persistent link: https://www.econbiz.de/10005257764
Public good contributions may be affected by the social demand to contribute that is implicit in them. Sensitivity to social pressure predicts behavior in paired dictator and money burning games; the evidence for effects on public good contribution is mixed.
Persistent link: https://www.econbiz.de/10009218892