Ekonomi Semineri: Neslihan Uner Masatlıoğlu (Sabancı Üniversitesi)

Sabancı Üniversitesi
Sanat ve Sosyal Bilimler Fakültesi

EKONOMİ SEMİNERİ

Experimental Departures from Self-Interest When Competing  Partnerships Share Output

Neslihan Uner Masatlıoğlu

(Sabancı Üniversitesi)

22 Kasım 2013, Cuma

14:00    SSBF 2034

Özet: When every individual's effort imposes negative externalities, self-interested behavior leads to socially excessive e ffort. To curb these excesses when eff ort cannot be monitored, competing output-sharing partnerships can form. With the right-sized groups, aggregate effort falls to the socially optimal level. We investigate this theory experimentally and find that while it makes correct qualitative predictions, there are systematic quantitative deviations, always in the direction of the socially optimal investment. Using data on subjects' conjectures of each other's behavior we investigate altruism, conformity and extremeness aversion as possible explanations. We show that deviations are consistent with both altruism and conformity (but not extremeness aversion).

Not: Seminer dili İngilizce'dir.