Timothy N. Cason
Purdue University
Publications 135
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Sau-Him Paul Lau (HKU: University of Hong Kong)H-Index: 13
Last.Vai-Lam Mui (Monash University)H-Index: 13
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Abstract This paper studies theoretically and experimentally how success in prior interaction affects cooperation in the one-shot Inter-group Prisoner's Dilemma (IPD). We develop a model of the IPD that incorporates group-contingent social preferences and bounded rationality to derive conditions under which an increase in pro-social concerns for an out-group will increase cooperation. We then report an experiment that shows the cooperation rate increases from 8 percent in a baseline one-shot IPD...
1 CitationsSource
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Robertas Zubrickas (University of Bath)H-Index: 3
Abstract We study donation-based crowdfunding for threshold public good provision. Our main focus is on an extension with refund bonuses aimed at resolving the problems of equilibrium coordination and free riding. In the case of insufficient contributions, contributors not only have their contributions refunded but they also receive refund bonuses proportional to their pledged contributions. Thus, refund bonuses encourage more contributions but ultimately enough is raised given sufficient prefer...
#1Charles R. PlottH-Index: 51
#2Timothy N. CasonH-Index: 35
Last.Travis MaronH-Index: 1
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The paper reports on the theory, design, laboratory experimental testing, field implementation and results of a large, multiple market and policy constrained auction. The auction involved the sale of 18,788 ten-year entitlements for the use of electronic gaming machines in 176 interconnected markets to 363 potential buyers representing licensed gaming establishments. The auction was conducted in one day and produced over $600M in revenue. The experiments and revealed dynamics of the multi-round ...
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Steven Y. Wu (Purdue University)H-Index: 10
The use of student subjects and deception in experiments are two controversial issues that often raise concerns among editors and reviewers, which might prevent quality research from being published in agricultural and resource economics (ARE) journals. We provide a self-contained methodological discussion of these issues. We argue that field professionals are the most appropriate subjects for questions related to policy or measurement, and students are the most appropriate subjects for scientif...
5 CitationsSource
#1Mustafa Abdallah (Purdue University)
#2Parinaz Naghizadeh (Purdue University)H-Index: 6
Last.Shreyas Sundaram (Purdue University)H-Index: 26
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We consider a system consisting of multiple interdependent assets, and a set of defenders, each responsible for securing a subset of the assets against an attacker. The interdependencies between assets are captured by an attack graph, where an edge from one asset to another indicates that if the former asset is compromised, an attack can be launched on the latter asset. Each edge has an associated probability of successful attack, which can be reduced via security investments by the defender res...
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Frans P. de Vries (University of Stirling)H-Index: 11
This study employs a laboratory experiment to assess the performance of tradable permit markets on dynamic efficiency arising from cost-reducing investment. The permit allocation rule is the main treatment variable, with permits being fully auctioned or grandfathered. The experimental results show significant investment under both allocation rules in the presence of ex ante uncertainty over the actual investment outcome. However, auctioning permits generally provides stronger incentives to inves...
2 CitationsSource
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Vai-Lam Mui (Monash University)H-Index: 13
We study experimentally the indefinitely repeated noisy prisoner’s dilemma, in which random events can change an intended action to its opposite. We investigate whether groups choose Always Defect less and use lenient or forgiving strategies more than individuals,and how decision-makers experiment with different strategies by letting them choose from an extensive list of repeated game strategies. We find that groups use forgiving and tit-for-tat strategies more than individuals. Always Defect, h...
3 CitationsSource
#1Timothy N. CasonH-Index: 35
#2Daniel FriedmanH-Index: 38
34 CitationsSource
#1Timothy N. Cason (Purdue University)H-Index: 35
#2William A. Masters (Tufts University)H-Index: 23
Last.Roman M. Sheremeta (Case Western Reserve University)H-Index: 34
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Abstract This study provides a unified framework to compare three canonical types of contests: winner-take-all contests won by the best performer, winner-take-all lotteries where probability of success is proportional to performance, and proportional-prize contests in which rewards are shared in proportion to performance. We derive equilibria and observe outcomes from each contest in a laboratory experiment. Equilibrium and observed efforts are highest in winner-take-all contests. Lotteries and ...
3 CitationsSource
#1Timothy N. Cason (Purdue University)H-Index: 35
#2Roman M. Sheremeta (Case Western Reserve University)H-Index: 34
Last.Jingjing Zhang (UTS: University of Technology, Sydney)H-Index: 8
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Within-group communication in competitive coordination games has been shown to increase competition between groups and lower efficiency. This study further explores potentially harmful effects of communication, by addressing the questions of (i) asymmetric communication and (ii) the endogenous emergence of communication. Our theoretical analysis provides testable hypotheses regarding the effect of communication on competitive behavior and efficiency. We test these predictions using a laboratory ...
9 CitationsSource