Artikel
An experiment on cooperation in a CPR game with a disapproval option
This paper studies the standard version of the approval mechanism with two players in a common pool resource (CPR) extraction game. In the case of disapproval, the Nash extraction level is implemented. The paper investigates, experimentally, the extent to which the Nash threat leads to Pareto-improving extraction levels. Through our experiment, we confirm the effectiveness of the Nash threat in reducing CPR over-extraction. Although participants' behavior is mainly explained by rational thinking, inequity in payoff can also motivate their behavior. Moreover, we show that there is neither an order effect nor a framing effect. Finally, the reduction persists when the Nash threat is no longer in place.
- Sprache
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Englisch
- Erschienen in
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Journal: Games ; ISSN: 2073-4336 ; Volume: 12 ; Year: 2021 ; Issue: 4 ; Pages: 1-14 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Cooperative Games
Noncooperative Games
Design of Experiments: Laboratory, Group Behavior
Institutions: Design, Formation, Operations, and Impact
- Thema
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approval mechanism
common pool resource
laboratory group behavior
- Ereignis
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Geistige Schöpfung
- (wer)
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Yao, Koffi Serge William
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
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2021
- DOI
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doi:10.3390/g12040083
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Yao, Koffi Serge William
- MDPI
Entstanden
- 2021
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