ICES Occasional Brown Bag for March 6

Events, Seminars | February 28, 2014

Join us for an ICES Occasional Brown Bag Lecture, featuring Douglas Norton.

Mr. Norton, of Florida State University, will discuss his paper (co-authored with Luke Boosey and R. Mark Isaac) Yeast (abstract). The talk will take place on Thursday, March 6th, from 12:00PM to 1:00PM, in room 5075 of the Metropolitan Building, Arlington campus.

Coffee and dessert will be provided.

If you plan to attend, please RSVP with Stan Tsirulnikov.

Please visit the Brown Bag Schedule to learn more about upcoming brown bags.

Abstract

There are numerous situations in organizational and development economics that can be characterized as vicious cycles. We use the VCM environment which is known to have a downward trend towards free-riding to approximate a vicious cycle and explore manipulations that promote (or inhibit) extrication from these vicious cycles. One set of manipulations is focused on the introduction of an “agent of grace” (AOG) who represents one person (in a group of five) whose standard induced preferences have been altered such that they have a dominant strategy for full contribution to the group account. This alteration occurs either after 10 periods or 20 periods of the experiment and is intended to vary previous experience before the AOG introduction (to capture path dependence). In addition to the timing of AOG introduction we also manipulate the availability of a tax institution to commit resources to the group account. Our results, still in a nascent stage, are being developed.

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