Teams promise but do not deliver
John Kagel () and
Discussion Papers, Research Unit: Market Behavior from WZB Berlin Social Science Center
Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous results for individuals that non-binding promises increase cooperation rates. But this does not extend to teams. Wh ile teams make non-binding promises to cooperate at the same rate as individuals, they consistently renege on those promises. Additional treatments begin to explore the basis for the team outcome, ruling out explanations that team payoff structures drive b ehavior. Analysis of within-team discussions provides insight into the decision-making processes of first and second movers.
Keywords: trust game; hidden-action; non-binding communication; teams versus individuals (search for similar items in EconPapers)
JEL-codes: C72 C91 C92 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-cdm, nep-exp and nep-gth
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Journal Article: Teams promise but do not deliver (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:wzbmbh:spii2019207
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