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The Impact of Redistribution Mechanisms in the Vote with the Wallet Game: Experimental Results

Leonardo Becchetti (), Francesco Salustri () and Vittorio Pelligra

No 143-2015, AICCON Working Papers from Associazione Italiana per la Cultura della Cooperazione e del Non Profit

Abstract: We use the Vote-with-the-Wallet game (VWG) to model socially or environmentally responsible consumption, an increasingly relevant but still under-researched phenomenon. Based on a theoretical model outlining game equilibria and the parametric interval of the related multiplayer prisoners’ dilemma (PD) we evaluate with a controlled lab experiment players’ behavior in the game and test the effects of an ex post redistribution mechanism between defectors and cooperators. Our findings document that the redistribution mechanism interrupts cooperation decay and stabilizes the share of cooperators at a level significantly higher, even though inferior to the Nash equilibrium.

Keywords: vote with the wallet; prisoner’s dilemma; lab experiment (search for similar items in EconPapers)
JEL-codes: C72 C73 C91 M14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp, nep-gth, nep-pr~ and nep-pol
Date: 2015-09-22
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Working Paper: The Impact of Redistribution Mechanisms in the Vote with the Wallet Game: Experimental Results (2015) Downloads
Working Paper: The Impact of Redistribution Mechanisms in the Vote with the Wallet Game: Experimental Results (2015) Downloads
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