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This paper explores the rationality of status concerns amongst co-workers and the impact of such rational status concerns on a firm's profits. We find that it is individually rational for agents in a firm to develop and exhibit status concerns. Workers are, by their choices of status concerns,...
Persistent link: https://www.econbiz.de/10015219142
Published as:"The Nature of Common-Pool Resource Problems," Rationality and Society 2(3), July 1990, 335-358."A large, multidisciplinary literature focuses on the problems occurring when multiple individuals concurrently use common-pool resources such as fisheries, grazing areas, airsheds, oil...
Persistent link: https://www.econbiz.de/10009468380
Subsequently published as:"Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action." Public Choice, 117, 2003, 295-315."Understanding cooperation in the context of social dilemma games is fundamental to understanding how alternative institutional arrangements may...
Persistent link: https://www.econbiz.de/10009468400
"The experiments reported in this paper provide strong evidence for the power of face-to-face communication in a repeated common-pool resource environment where decisions are made privately. When communication was provided as a 'costless' institution, players successfully used the opportunity...
Persistent link: https://www.econbiz.de/10009468418
"Over the past 30 years, applied microeconomics has seen an explosion in the use of experimental methods as a tool for observing economic behavior. Economic experiments serve as a complement to field research using, allowing the researcher to create and control key theoretically based rules of...
Persistent link: https://www.econbiz.de/10009468447