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Strategy-proofness, requiring that truth-telling is a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
Persistent link: https://www.econbiz.de/10005163089
Strategy-proofness, requiring that truth-telling is a dominant strategy, is a standard concept used in social choice theory. Saijo et al. (2003) argue that this concept has serious drawbacks. In particular, many strategy-proof mechanisms have a continuum of Nash equilibria, including equilibria...
Persistent link: https://www.econbiz.de/10005163099
This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...
Persistent link: https://www.econbiz.de/10005168485
Given the substantial evidence of behavioral heterogeneity in social dilemma experiments, in this study we consider how to achieve cooperation in n-player prisoner's dilemma situations where each player has one behavioral type, either selfish or conditionally cooperative. We introduce a...
Persistent link: https://www.econbiz.de/10011188087
Consider a situation where players in a prisoner's dilemma game can approve or reject the other's choice such as cooperation or defection. If both players approve the other's choice, the outcome is the one they chose, whereas if either one rejects the other's choice, the outcome is the one when...
Persistent link: https://www.econbiz.de/10011188088
We report the first experimental evidence on the effect of ``Demeny voting,'' wherein some people (e.g., parents) are given additional votes as proxy for the future generation (e.g., their children). In our experiment, three subjects are separated into the present and future generations, two of...
Persistent link: https://www.econbiz.de/10011120334
A number of studies have estimated how much energy conservation is achieved by providing households with real-time information on energy use via in-home displays. However, none of these studies tell us why real-time information changes energy-use behavior. We explore the causal mechanisms...
Persistent link: https://www.econbiz.de/10011122644