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We experimentally investigate a finitely repeated public good game with varying partners. Within each period, participants are pairwise matched and contribute simultaneously. Participants are informed about contributions and each participant evaluates her partner's contribution. At the beginning...
Persistent link: https://www.econbiz.de/10010294404
We experimentally investigate a ?nitely repeated public good game with varying partners. Within each period, participants are pairwise matched and contribute simultaneously. Participants are informed about contributions and each participant evaluates her partner’s contribution. At the...
Persistent link: https://www.econbiz.de/10010561574
We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013)-type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...
Persistent link: https://www.econbiz.de/10012902152
We generalize a reputational cheap-talk model by introducing an endogenous level of receivers' monitoring of the state of the world: when the audience strongly believes that the state is low, the precision with which it observes the state of the world is also low. For instance, the quality of...
Persistent link: https://www.econbiz.de/10012903860
Online interactions are frequently governed by reputation systems that allow users to evaluate each other after an interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years, however, fake reviews have become increasingly...
Persistent link: https://www.econbiz.de/10013242726
In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...
Persistent link: https://www.econbiz.de/10009578580
Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing their price history to the current upstream competitor. In...
Persistent link: https://www.econbiz.de/10011555141
We study the role that the option to terminate a relationship has on cooperation in a repeated prisoner's dilemma. While cooperation is, in theory, sustainable with or without this option, we show experimentally that cooperation rates are significantly lower with the option to terminate. Rather...
Persistent link: https://www.econbiz.de/10013028451
Using a repeated public good game with stranger matching, we compare how two different reputation systems with endogenous evaluations affect rates of cooperation. Contributions are public information and each participant evaluates her partner's contribution. At the beginning of each period,...
Persistent link: https://www.econbiz.de/10012935786
Online interactions are frequently governed by reputation systems that allow users to evaluate each other after an interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years, however, fake reviews have become increasingly...
Persistent link: https://www.econbiz.de/10013330598