Quantal response equilibria in a generalized Volunteer’s Dilemma and step-level public goods games with binary decision

Toshiji Kawagoe (), Taisuke Matsubae () and Hirokazu Takizawa ()
Additional contact information
Toshiji Kawagoe: Future University Hakodate
Taisuke Matsubae: Institute of Economic Research, Chuo University
Hirokazu Takizawa: Chuo University

Evolutionary and Institutional Economics Review, 2018, vol. 15, issue 1, No 2, 23 pages

Abstract: Abstract The present paper characterizes equilibria of a generalized Volunteer’s Dilemma game, which is an integration of the Volunteer’s Dilemma and the step-level public goods games with binary decision. We also examined the explanatory power of widely accepted models with bounded rationality, the quantal response equilibrium (QRE) and level-k analysis. It is shown that the performance of the QRE model is better in explaining laboratory data.

Keywords: Volunteer’s Dilemma; Public goods; Binary decision; Quantal response equilibrium (search for similar items in EconPapers)
JEL-codes: C72 D72 D74 H41 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40844-017-0081-6

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