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Introducing a threshold in the sense of a minimal project size transforms a public-good game with an inefficient … thresholds are ineffective at best and often counterproductive. This holds over a range of threshold levels and refund rates. We … test whether thresholds perform better if they are endogenously chosen, i.e., whether a threshold is approved in a …
Persistent link: https://www.econbiz.de/10010625733
, political attitude, gender and intelligence have a small but sometimes significant influence on voting. …
Persistent link: https://www.econbiz.de/10010574271
members use different voting schemes to determine their commitment. To this end, unanimity, qualified majority voting, and … simple majority voting are compared with respect to the resulting public good provision level and social welfare. At first … sight, in line with theoretical predictions, the experiment shows that a change in the voting scheme implemented in a …
Persistent link: https://www.econbiz.de/10010696377
We test a mechanism whereby groups are formed voluntarily, through the use of voting. These groups play a public …
Persistent link: https://www.econbiz.de/10010776752
laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing it leads to lower public …
Persistent link: https://www.econbiz.de/10011220557
I show how improper conditioning of beliefs can reduce contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who condition...
Persistent link: https://www.econbiz.de/10011190981
We elicit human conditional punishment types by conducting experiments. We find that their punishment decisions to an …
Persistent link: https://www.econbiz.de/10010933289
have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for …
Persistent link: https://www.econbiz.de/10011084134
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy … and the market generates welfare losses, relative to simple majority voting, if the committee is large enough. We test the …
Persistent link: https://www.econbiz.de/10008534095
interests or direct benefits from voting. The theoretical value of participating in the vote is therefore zero if subjects have … the vote and that they do so for instrumental reasons. The observed voting premium in the main treatment is high and can … model of instrumental voting, which assumes that individuals are overconfident and that they overestimate the errors of …
Persistent link: https://www.econbiz.de/10011049763