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Full-Text Articles in Behavioral Economics
The Survival Of The Conformist: Social Pressure And Renewable Resource Management, Alessandro Tavoni
The Survival Of The Conformist: Social Pressure And Renewable Resource Management, Alessandro Tavoni
Alessandro Tavoni
This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental conditions. By coupling resource stock dynamics with social dynamics concerning compliance to a social norm prescribing non-excessive resource extraction in a common 10 pool resource, we show that when reputational considerations matter and a sufficient level of social stigma affects the violators of a norm, sustainable outcomes are achieved. We find large parameter regions where norm-observing and norm-violating types coexist, and analyze to what extent such coexistence depends on the environment.
When Fairness Bends Rationality: Ernst Fehr Meets John Nash, Alessandro Tavoni
When Fairness Bends Rationality: Ernst Fehr Meets John Nash, Alessandro Tavoni
Alessandro Tavoni
No abstract provided.