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Rational behaviour is required for markets to function efficiently; but myopic rational behaviour could work against pro-social choice, limit creativity, and minimise the extent of cooperative action. This tension is a serious drawback of the recent promotion of markets in developing countries...
Persistent link: https://www.econbiz.de/10014149856
We investigate experimentally whether the extent of conditional cooperation in public good games depends on the marginal return to the public good and type of game. The marginal return is varied from 0.2 to 0.4 to 0.8. The "standard" game, in which three players contribute before a follower, is...
Persistent link: https://www.econbiz.de/10010228325
We investigate experimentally whether the extent of conditional cooperation in public good games depends on the marginal per capita return (MPCR) to the public good and type of game. The MPCR is varied from 0.2 to 0.4 to 0.8. The "standard" game, in which three players contribute before a...
Persistent link: https://www.econbiz.de/10010503532
Persistent link: https://www.econbiz.de/10012038279
Persistent link: https://www.econbiz.de/10012121685
Two consistent findings from the experimentally literature on public good games are that cooperation declines over time and cooperation is lower in countries with weak institutions. These findings, however, are primarily based on experiments in Europe, North America and Asia. There is little...
Persistent link: https://www.econbiz.de/10015399347