Koffi Serge William Yao , Emmanuelle Lavaine , Marc Willinger
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引用次数: 0
Abstract
Selfish players in common pool resources games (CPR) prevent to reach socially efficient outcomes. To solve this CPR dilemma, we investigate further the approval mechanism (AM) in a three-player CPR game. Adding a third player is useful to test the efficiency of approval rules, i.e. majority versus unanimity, in the second stage of the AM. We find that the AM mitigates over-exploitation in three player CPR games, and that unanimity performs better than majority. Nevertheless, with three players, the mechanism surprisingly works better in case of approval failure rather than approval success. However, most approvals are predicted.
期刊介绍：
The Journal of Behavioral and Experimental Economics (formerly the Journal of Socio-Economics) welcomes submissions that deal with various economic topics but also involve issues that are related to other social sciences, especially psychology, or use experimental methods of inquiry. Thus, contributions in behavioral economics, experimental economics, economic psychology, and judgment and decision making are especially welcome. The journal is open to different research methodologies, as long as they are relevant to the topic and employed rigorously. Possible methodologies include, for example, experiments, surveys, empirical work, theoretical models, meta-analyses, case studies, and simulation-based analyses. Literature reviews that integrate findings from many studies are also welcome, but they should synthesize the literature in a useful manner and provide substantial contribution beyond what the reader could get by simply reading the abstracts of the cited papers. In empirical work, it is important that the results are not only statistically significant but also economically significant. A high contribution-to-length ratio is expected from published articles and therefore papers should not be unnecessarily long, and short articles are welcome. Articles should be written in a manner that is intelligible to our generalist readership. Book reviews are generally solicited but occasionally unsolicited reviews will also be published. Contact the Book Review Editor for related inquiries.
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