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We design experiments to study the extent to which individuals differ in their motivations behind costly punishment and rewarding. Our findings qualify existing evidence and suggest that the largest fraction of players is motivated by a mixture of both inequity-aversion and reciprocity, while...
Persistent link: https://www.econbiz.de/10008852718
on equilibria, conditions of stability, and welfare. Heterogeneity in players' type establishes the existence of …We propose a model of network games with heterogeneity introduced by endowing players with types that generate … function depends on the network structure, and we ask how does heterogeneity shape players' decision making, what is its effect …
Persistent link: https://www.econbiz.de/10008830115
players' aggregated actions. For characterizing an integrated account of heterogeneity in economics, as observed in BC … experimental economics, and discuss elicitation methods, cognitive and population measures, to better understand heterogeneity in …
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This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are robust features of equilibrium networks. We find that in a...
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