Binding Contracts, Non-Binding Promises and Social Feedback in the Intertemporal Common-Pool Resource Game
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DOI: 10.3390/g11010005
Abstract: In the intertemporal common-pool resource game, non-cooperative behavior produces externalities reducing subjects’ payoffs in both the present and the future. In this paper, we investigate through two experiments whether binding contracts, non-binding promises and social… read more here.
Keywords: common pool; intertemporal common; promises social; social feedback ... See more keywords