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Título : The Lazarillo’s game: Sharing resources with asymmetric conditions
Autor(es) : Lacomba, Juan Antonio
Lagos, Francisco
Perote Peña, Javier
Palabras clave : Public-goods game
Ultimatum games
Dilemmas
Cooperation
Information
Coordination
Payoffs
Clasificación UNESCO: Research Subject Categories::SOCIAL SCIENCES::Business and economics::Economics::Econometrics
Fecha de publicación : jul-2017
Editor : Public Library of Science (New York)
Citación : Lacomba JA, Lagos F, Perote J (2017) The Lazarillo’s game: Sharing resources with asymmetric conditions. PLoS ONE 12(7): e0180421.
Resumen : [EN]The Lazarillo of Tormes' picaresque novel introduces a story where two subjects sequentially extract (one, two or three) tokens from a common pool in an asymmetric information framework (the first player cannot observe her partners' actions). By introducing a reward for both subjects in case that in every period at least one subject had taken one single token, we define an interesting coordination game. We conduct an experiment with 120 undergraduate students to study their behavior in this framework. We find that if the second player is allowed to take more tokens than her partner, then the frequency of cooperators does not seem to be affected by the informational asymmetry. Nevertheless, this asymmetry (i) incentives the second player to use her 'power of extraction' while the social externality is still available, (ii) yields to more asymmetric profit distributions when subjects win the social externality and (iii) delays the breach period in case of coordination failure. Furthermore, the first choice of the first player is determinant for getting the reward.
URI : http://hdl.handle.net/10366/137465
ISSN : 1932-6203
Aparece en las colecciones: DEHE. Artículos del Departamento de Economía e Historia Económica

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