What are the equilibria in public-good experiments?

被引：5
|
作者：
Wolff, Irenaeus [1 ]
机构：
[1] Univ Konstanz, Thurgau Inst Econ TWI, Hauptstr 90, CH-8280 Kreuzlingen, Switzerland
来源：
ECONOMICS LETTERS | 2017年 / 150卷
基金：
瑞士国家科学基金会;
关键词：
Public good; Social dilemma; Nash-equilibrium; Conditional cooperation; Social preferences; FAIRNESS;
D O I：
10.1016/j.econlet.2016.11.015
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Most social-preference models have been tailored to yield only a full-defection equilibrium in one-shot linear public-good situations. This paper determines the Nash-equilibrium sets that result from experiment participants' elicited preferences. The data show that multiple equilibria are relatively frequent even in a standard three-player setting. In this perspective, the common finding of close-to-omnilateral defection at the end of repeated public-good games is surprising and raises the question of why the dynamics of play seem to select this equilibrium out of the existing equilibria. (C) 2016 Elsevier B.V. All rights reserved.
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页码：83 / 85
页数：3
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