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Special Section: Experiments on Learning, Methods, and Voting

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  • Lijia Tan
  • Lijia Wei

Abstract

We experimentally investigate the evolution play in an infinitely repeated voluntary contribution mechanism (VCM). We find that in infinitely repeated VCM games: (i) average contributions in the first round are similar to those of finitely repeated VCM games; (ii) most groups have a non-monotonic trend of contribution with repetition; and (iii) contributions remain at the same level after an unexpected restart. The data provides strong support for heterogeneous subjects, which may explain the non-monotonic trend of average contributions. This trend is caused by one category of subjects who expect others to contribute in period t as they did in period t − 1.

Suggested Citation

  • Lijia Tan & Lijia Wei, 2014. "Special Section: Experiments on Learning, Methods, and Voting," Pacific Economic Review, Wiley Blackwell, vol. 19(3), pages 313-331, August.
  • Handle: RePEc:bla:pacecr:v:19:y:2014:i:3:p:313-331
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