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We experimentally investigate cooperation within a finitely repeated public goods game framework where peer punishment is possible but, unlike previous work, in each round access to sanctioning power is exclusively awarded to the group’s top contributor. We compare this mechanism with a...
Persistent link: https://www.econbiz.de/10010726609
Is culture an important variable to explain whether groups can successfully provide public goods? A wealth of empirical evidence on both industrialized and developing countries shows that cooperation levels decrease in the presence of ethnic divisions. Although several laboratory works deal with...
Persistent link: https://www.econbiz.de/10009653395
In real life, punishment is often implemented only insofar as punishers are entitled to punish and punishees deserve to be punished. We provide an experimental test for this principle of legitimacy in the framework of a public goods game, by comparing it with a classic (unrestricted) punishment...
Persistent link: https://www.econbiz.de/10008694549
The pervasiveness of the entrepreneurial phenomenon attracts the attention on the determinants of the decision of becoming entrepreneur. As the entrepreneurial decision can be additionally conceived as firm entry, as a real business investment in the creation of a new business and as a career...
Persistent link: https://www.econbiz.de/10004974528
Creativity is a complex and multi-dimensional phenomenon that has hardly been considered byeconomists, despite a great deal of economic importance. This paper presents a series ofexperiments where subjects face creativity tasks where, in one case, ex-ante goals and constraintsare imposed on...
Persistent link: https://www.econbiz.de/10011131675
Is culture an important variable to explain whether groups can successfully provide public goods? A wealth of empirical evidence on both industrialized and developing countries shows that cooperation levels decrease in the presence of ethnic divisions. Although several laboratory works deal with...
Persistent link: https://www.econbiz.de/10010991175
<title>Abstract</title> The pervasiveness of the entrepreneurial phenomenon draws scholars’ attention to what determines the decision to become an entrepreneur. Entrepreneurial decisions imply judgemental decisions. Different approaches in economics conceive such judgemental decisions as firm entry, or real...
Persistent link: https://www.econbiz.de/10010972862
In dealing with peer punishment as a cooperation enforcement device, laboratory studies have typically concentrated on discretionary sanctioning, allowing players to castigate each other arbitrarily. By contrast, in real life punishments are often meted out only insofar as punishers are entitled...
Persistent link: https://www.econbiz.de/10011049898
A limited number of business firms engage in disruptive innovative activity. When firms decide among alternative innovative patterns, inertial forces may bias their choices in favour of incremental innovations. This paper proposes a model that compares firms’ value when firms can invest in...
Persistent link: https://www.econbiz.de/10005087115
Studies have found that people are overconfident in estimation involving difficult tasks but underconfident in easy tasks. Conversely, they are overconfident in placing themselves in easy tasks but underconfident in hard tasks. These findings can be explained by a regression hypothesis that...
Persistent link: https://www.econbiz.de/10005066481