Global warming is widely considered to be one of the most serious environmental problems for current and future generations. Moreover, the apparent failure of the Kyoto protocol to effect a meaningful reduction…
In a series of experiments we show that people learn to play the efficient outcome in an open-ended rent-seeking game. This result persists despite quite different experiment environments and settings, like…
Contributions to Edited Volumes and Conference Proceedings
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2002
Real governments are at least to some extent also motivated by the objective of maximizing their political income. In a standard political economy model, this means that governments try to maximize their chance…
