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We study games where voluntary contributions can be adjusted until a steady state is found. In consent games contributions start at zero and can be increased by consent, and in dissent games contributions start high and can be decreased by dissent. Equilibrium analysis predicts free riding in...
Persistent link: https://www.econbiz.de/10015221172
This paper proposes two generalization of the core and evaluates them on experimental data of assignment games (workers and firms negotiate wages and matching). The generalizations proposed allow for social utility components (e.g. altruism) and random utility components (e.g. logistic...
Persistent link: https://www.econbiz.de/10015228143
Experimental analyses of Shapley-Shubik assignment games revealed that the core prediction is biased. The competing hypotheses are that subjects either have interdependent preferences or a limited understanding of outcomes in alternative matches. To evaluate these hypotheses econometrically, we...
Persistent link: https://www.econbiz.de/10015234707