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Shifting the responsibility for a necessary but costly action to someone else is often called Passing the Buck. Examples of such behavior in politics are environmental and budget problems which are left to future generations. Small group examples are (not) washing the dishes or (not) dealing...
Persistent link: https://www.econbiz.de/10009376207
The launch of a public project requires support from "enough" members of a group. Members (players) are differently important for the project and have different cost/benefit relations. There are players who profit and players who suffer from the launch of the project. Examples are the Kyoto...
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Theories about unique equilibrium selection are often rejected in experimental investigations. We drop the idea of selecting a single prominent equilibrium but suggest the coexistence of different beliefs about "appropriate" equilibrium or non-equilibrium play. Our main selection criterion is...
Persistent link: https://www.econbiz.de/10011629780
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The main goal of collective punishment (CP) is the deterrence of future "wrong-doing" by freedom fighters or terrorists, protesters against an authoritative government, polluters, students playing pranks on their teacher, football teams lacking enthusiasm, or soldiers showing cowardice to the...
Persistent link: https://www.econbiz.de/10012547679
In the Solidarity Game (Selten and Ockenfels, 1998), two "rich" persons can support a "poor" one. A strong positive correlation between one rich person's solidarity contribution and his expected contribution of the other is observed. This paper investigates the causality behind this correlation....
Persistent link: https://www.econbiz.de/10010297227
We experimentally investigate key predictions of supply function equilibrium. While, overall, equilibrium organizes bidding behavior well, we observe three important deviations. First, bidding is sensitive to theoretically irrelevant changes of the demand distribution. Second, in a market with...
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