The impact of redistribution mechanisms in the vote with the wallet game: experimental results
We use the vote-with-the-wallet game to model socially or environmentally responsible consumption, an increasingly relevant but still under-researched phenomenon. Based on a theoretical model outlining game equilibria and the parametric interval of the related multiplayer prisoners’ dilemma we evalu...
| Hoofdauteurs: | , , |
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| Formaat: | Journal article |
| Taal: | English |
| Gepubliceerd in: |
Springer Verlag
2018
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| _version_ | 1826285186859401216 |
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| author | Becchetti, L Pelligra, V Salustri, F |
| author_facet | Becchetti, L Pelligra, V Salustri, F |
| author_sort | Becchetti, L |
| collection | OXFORD |
| description | We use the vote-with-the-wallet game to model socially or environmentally responsible consumption, an increasingly relevant but still under-researched phenomenon. Based on a theoretical model outlining game equilibria and the parametric interval of the related multiplayer prisoners’ dilemma we evaluate with a controlled lab experiment players’ behaviour in the game and test the effects of an ex post redistribution mechanism between defectors and cooperators. Our findings document that the redistribution mechanism interrupts cooperation decay and stabilizes the share of cooperators at a level significantly higher, even though inferior to the Nash equilibrium. |
| first_indexed | 2024-03-07T01:25:05Z |
| format | Journal article |
| id | oxford-uuid:91b25113-bf52-4ba1-aa29-93f8ee658175 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:25:05Z |
| publishDate | 2018 |
| publisher | Springer Verlag |
| record_format | dspace |
| spelling | oxford-uuid:91b25113-bf52-4ba1-aa29-93f8ee6581752022-03-26T23:20:24ZThe impact of redistribution mechanisms in the vote with the wallet game: experimental resultsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:91b25113-bf52-4ba1-aa29-93f8ee658175EnglishSymplectic Elements at OxfordSpringer Verlag2018Becchetti, LPelligra, VSalustri, FWe use the vote-with-the-wallet game to model socially or environmentally responsible consumption, an increasingly relevant but still under-researched phenomenon. Based on a theoretical model outlining game equilibria and the parametric interval of the related multiplayer prisoners’ dilemma we evaluate with a controlled lab experiment players’ behaviour in the game and test the effects of an ex post redistribution mechanism between defectors and cooperators. Our findings document that the redistribution mechanism interrupts cooperation decay and stabilizes the share of cooperators at a level significantly higher, even though inferior to the Nash equilibrium. |
| spellingShingle | Becchetti, L Pelligra, V Salustri, F The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title | The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title_full | The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title_fullStr | The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title_full_unstemmed | The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title_short | The impact of redistribution mechanisms in the vote with the wallet game: experimental results |
| title_sort | impact of redistribution mechanisms in the vote with the wallet game experimental results |
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