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This paper examines binding multi-round commitments (MRCs) to the group account in a repeated voluntary contributions mechanism (VCM) game. Before each five-round interval, subjects in a four-person group are given the option to commit a portion of their endowments to the group account for each...
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experiments contradict these straightforward predictions of standard economic theory: subjects consistently make decisions that …
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from a field experiment involving contribution to a public radio station. Some callers are told of the contributions … decisions of others, and other callers are given no such information. We find that providing ambitions (high) social comparison … information can significantly increase contributions. …
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Charitable lotteries represent one of today's most popular fund-raising schemes. This study begins by developing theory examining the optimal design of a charitable lottery. We show that any prize distribution is only optimal for a group of n symmetric agents with given risk preference. However,...
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We report an experiment conducted to gain insight into factors that may affect revenues in English auctions and …
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price silent auction. In a new series of laboratory experiments, we investigate the effects of the different institutions …
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