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The burgeoning literature on the use of sanctions to support public goods provision has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable both of resolving and of...
Persistent link: https://www.econbiz.de/10011344858
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment …
Persistent link: https://www.econbiz.de/10010125960
The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same … experiment. Our analysis complements and extends Hey (2001) who analyzes for each subject the fit of several preference …
Persistent link: https://www.econbiz.de/10010486756
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … ; cognitive ability ; experiment; noise …
Persistent link: https://www.econbiz.de/10009737693
This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast … decisive factor in expectation formation. -- Expectations ; macroeconomic experiment ; use of information ; inflation forecasts …
Persistent link: https://www.econbiz.de/10009240694
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10011333878
, and of gender and intelligence. -- Public good ; voluntary contribution ; formal sanction ; experiment ; penalty ; voting …
Persistent link: https://www.econbiz.de/10008688959
. -- formal sanctions ; informal sanctions ; experiment ; voting ; cooperation ; punishment …
Persistent link: https://www.econbiz.de/10008908893
chosen by voting. -- Sanction ; social dilemma ; public goods ; voluntary contribution mechanism ; punishment ; experiment …
Persistent link: https://www.econbiz.de/10008908902
This paper presents an experimental study analyzing common consequence effects with binary choice, willingness-to-pay (WTP), and willingness-to-accept (WTA). Consistent with previous research we do not find clearcut evidence of fanning out in the absence of certainty effects. Violation rates of...
Persistent link: https://www.econbiz.de/10003950279