Voluntary Contribution Mechanism Flashcards
(5 cards)
1
Q
Andreoni 1988
A
Contributions decay over time without enforcement
Repeated VCM: cooperation drops across rounds
2
Q
Fehr & Gachter 2000
A
Punishment boosts cooperation
VCM+ punishment > sustained high contribution
3
Q
Fischbacher, gachter & fehr (2001)
A
Conditional cooperation- people match others contributions
Many are willing to cooperate if others do
4
Q
Henrich et al 2006
A
Cultural variation affects outcomes
Different norms lead to different VCM behaviour
5
Q
Ledyard 1995
A
Free riding still emerges as dominant over time
Especially in one-shot or anonymous settings
