Showing 1 - 10 of 3,877
implementation under more permissive conditions on social choice rules. – implementation ; bounded rationality ; evolutionary …
Persistent link: https://www.econbiz.de/10010318980
We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of their donation. An up to 20% donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment, groups could...
Persistent link: https://www.econbiz.de/10015197740
People often act out of a desire to be responsible for good and not for bad events. Similarly, people frequently reward and punish other people if they perceive them to be responsible for the implementation of events that they like or dislike. When the implementation of an event depends on the...
Persistent link: https://www.econbiz.de/10013427684
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013470292
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013470299
We analyze the formation of self-enforcing international environmental agreements under the assumption that countries announce their participation either simultaneously or sequentially. It is shown that a sequential formation process opens up possibilities for strategic behavior of countries...
Persistent link: https://www.econbiz.de/10010312488
Restricting attention to economic environments, we study implementation under perturbed better-response dynamics (BRD). A social choice function (SCF) is implementable in stochastically stable strategies of perturbed BRD whenever the only outcome supported by the stochastically stable strategies...
Persistent link: https://www.econbiz.de/10010317077
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10010317090
We consider collective decision making when society consists of groups endowed with voting weights. Each group chooses an internal rule that specifies the allocation of its weight to alternatives as a function of its members' preferences. Under fairly general conditions, we show that the...
Persistent link: https://www.econbiz.de/10014536980
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10010267536