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Persistent link: https://www.econbiz.de/10005409199
We study the effects of reputation and competition in a trust game. If trustees are anonymous, outcomes are poor: trustees are not trustworthy, and trustors do not trust. If trustees are identifiable and can, hence, build a reputation, efficiency quadruples but is still at only a third of the...
Persistent link: https://www.econbiz.de/10011049711
We examine abstention when voters in standing committees are asymmetrically informed and there are multiple pure-strategy equilibria - swing voter's curse (SVC) equilibria where voters with low-quality information abstain and equilibria when all participants vote their information. When the...
Persistent link: https://www.econbiz.de/10009195058