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Institutions, property rights, and economic growth : the legacy of Douglass North /

"After ten rounds of playing the prisoners' dilemma game, subjects were given the possibility of eliminating one of the two actions by plurality. Each subject voted on whether to keep all actions, eliminate D, or eliminate C. After voting, the subject participated in ten more rounds depend...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Galiani, Sebastián (Editor ), Sened, Itai (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Cambridge University Press, 2014.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Institutions, property rights, and economic growth :  |b the legacy of Douglass North /  |c edited by Sebastian Galiani, University of Maryland, Itai Sened, Washington University in St. Louis & Tel Aviv University. 
264 1 |a New York :  |b Cambridge University Press,  |c 2014. 
300 |a 1 online resource (x, 327 pages) :  |b illustrations 
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520 |a "After ten rounds of playing the prisoners' dilemma game, subjects were given the possibility of eliminating one of the two actions by plurality. Each subject voted on whether to keep all actions, eliminate D, or eliminate C. After voting, the subject participated in ten more rounds depending on the decision made by plurality. To study the effect of subjects' understanding of the game on voting decisions I modify how game is presented to the subjects. In half the sessions, the computer screen shows the payoff matrix with the subject action as rows and their partners as columns. Feedback about the outcome is also provided by highlighting the chosen row and column. The other half of the sessions did not see the payoffs displayed as a matrix and feedback did not stress the behavior of the partner by highlighting his/her behavior in the matrix (but this behavior was reported). Figure 1 shows a screen shot of each treatment (payoffs are set in cents). I hypothesize that not showing the game as a matrix may diminish subjects' understanding of the structure of the game and the likely effect of modifying the game by eliminating a strategy. I called these two treatments as "See Matrix" and "Do Not See Matrix" treatments, respectively. The participants were 80 Brown University or RISD undergraduates. Half the subjects participated in each of the treatments. As Figure 2 shows, in the first ten rounds the evolution of cooperation is consistent to what has been found in the literature: a significant cooperation rate that decreases with experience (see Andreoni and Miller 1993, and Dal B. 
504 |a Includes bibliographical references and index. 
505 0 |a The contribution of Douglass C. North to new institutional economics / Claude Ménard and Mary M. Shirley -- Persistence and change in institutions: the evolution of Douglass C. North / John Joseph Wallis -- The new institutionalism / Robert Bates -- 'The rules of the game': what rules? Which game? / Kenneth A. Shepsle-- Institutions and sustainability of ecological systems / Elinor Ostrom -- Land property rights / Sebastian Galiani and Ernesto Schargrodsky -- Constitutions as coordinating devices / Gillian K. Hadfield and Barry R. Weingast -- Culture, institutions, and modern growth / Joel Mokyr -- What really happened during the Glorious Revolution? / Steven C.A. Pincus and James A. Robinson -- The grand experiment that wasn't? New institutional economics and the postcommunist experience / Scott Gehlbach and Edmund J. Malesky -- Using economic experiments to measure informal institutions / Pamela Jakiela -- Experimental evidence on the workings of democratic institutions / Pedro Dal Bó. 
588 0 |a Print version record. 
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600 1 0 |a North, Douglass C.  |q (Douglass Cecil) 
600 1 7 |a North, Douglass C.  |q (Douglass Cecil)  |2 fast 
600 1 7 |a North, Douglass Cecil  |d 1920-2015  |2 gnd 
650 0 |a Economic history. 
650 0 |a Econometrics. 
650 0 |a Institutional economics. 
650 0 |a Law and economics. 
650 6 |a Histoire économique. 
650 6 |a Économétrie. 
650 6 |a Institutionnalisme. 
650 6 |a Droit et économie politique. 
650 7 |a BUSINESS & ECONOMICS  |x Economics  |x Microeconomics.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Economics  |x General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Reference.  |2 bisacsh 
650 7 |a Econometrics  |2 fast 
650 7 |a Economic history  |2 fast 
650 7 |a Institutional economics  |2 fast 
650 7 |a Law and economics  |2 fast 
650 7 |a Institutionenökonomie  |2 gnd 
650 7 |a Property-Rights-Ansatz  |2 gnd 
700 1 |a Galiani, Sebastián,  |e editor. 
700 1 |a Sened, Itai,  |e editor. 
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