Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22381
Authors: 
Bischoff, Ivo
Year of Publication: 
2006
Series/Report no.: 
Finanzwissenschaftliche Arbeitspapiere 73
Abstract: 
This paper presents an experimental study that compares the ability of human groups to escape the tragedy of the commons through institutional change or communication. Teams of five players are placed in a dynamic CPR environment with inefficient institutional settings. The results clearly show the vital importance of communication. At the same time, the groups who were allowed to replace the inefficient institutional settings by other more appropriate rules performed worse than those groups who were not given this opportunity.
Subjects: 
social dilemmas
laboratory experiment
group behavior
institutional choice
communication
JEL: 
Q20
D62
D71
C92
Document Type: 
Working Paper

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