The impact of redistribution mechanisms in the vote with the wallet game: experimental results
Pelligra, Vittorio;
2018-01-01
Abstract
We use the Vote-with-the-Wallet game (VWG) 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 (PD) we evaluate with a controlled lab experiment players’ behavior 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.File | Size | Format | |
---|---|---|---|
Definitivo Pubblicato.pdf Solo gestori archivio
Type: versione pre-print
Size 1.08 MB
Format Adobe PDF
|
1.08 MB | Adobe PDF | & nbsp; View / Open Request a copy |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.