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We consider collective decision problems where some agents have private information about alternatives and others don't. Voting takes place under strategy-proof rules. Prior to voting, informed agents may or may not disclose their private information, thus eventually influencing the preferences...
Persistent link: https://www.econbiz.de/10012903392
The implementation problem is the problem of designing a mechanism (game form) such that the equilibrium outcomes satisfy a criterion of social optimality embodied in a social choice rule. If a mechanism has the property that, in each possible state of the world, the set of equilibrium outcomes...
Persistent link: https://www.econbiz.de/10014023838
Cooperation in one-shot anonymous interactions is a widely documented aspect of human behaviour. Here we shed light on the motivations behind this behaviour by experimentally exploring cooperation in a one-shot continuous-strategy Prisoner's Dilemma (i.e. one-shot two-player Public Goods Game)....
Persistent link: https://www.econbiz.de/10013033737
This paper investigates whether distributional conflicts become more likely when groups are involved in the fight. We present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively, take an outside option. Keeping monetary gains...
Persistent link: https://www.econbiz.de/10014390274
Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...
Persistent link: https://www.econbiz.de/10015271363
A particular problem of traditional Rational Choice Theory is that it cannot explain equilibrium selection in simple coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in the theory of Team Reasoning (TR). Special...
Persistent link: https://www.econbiz.de/10010350073
While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10011349704
We consider collective decisions made by agents whose preferences and power depend on past events and decisions. Faced with an ineffcient equilibrium and an opportunity to commit to a policy, can the agents reach an agreement on such a policy? Under an intuitive condition linking power...
Persistent link: https://www.econbiz.de/10011375836
Before a group can take a decision, its members must agree on a mechanism to aggregate individual preferences. In this paper we present the results of an experiment on the influence of private payoff information and the role of the available alternatives on individuals’ mechanism choices in...
Persistent link: https://www.econbiz.de/10011570166
I test the effect of multiple pivotal players on unfair choices in a setup with a leader and two followers deciding on whether to expropriate the payoff of a group member. Comparing unanimity decisions to individual decisions within the group, I find that leaders are fairer in the unanimity rule...
Persistent link: https://www.econbiz.de/10012855475