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

Author

Listed:
  • Toshiji Kawagoe

    (Future University Hakodate)

  • Taisuke Matsubae

    (Institute of Economic Research, Chuo University)

  • Hirokazu Takizawa

    (Chuo University)

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.

Suggested Citation

  • Toshiji Kawagoe & Taisuke Matsubae & Hirokazu Takizawa, 2018. "Quantal response equilibria in a generalized Volunteer’s Dilemma and step-level public goods games with binary decision," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 11-23, June.
    • Handle: RePEc:spr:eaiere:v:15:y:2018:i:1:d:10.1007_s40844-017-0081-6
    DOI: 10.1007/s40844-017-0081-6
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Volunteer’s Dilemma; Public goods; Binary decision; Quantal response equilibrium;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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