Alexandria Digital Research Library

Turn-Taking Mechanisms in the Repeated Volunteer's Dilemma

Author:
Leo, Gregory C.
Degree Grantor:
University of California, Santa Barbara. Department of Economics
Degree Supervisor:
Theodore C. Bergstrom
Place of Publication:
[Santa Barbara, Calif.]
Publisher:
University of California, Santa Barbara
Creation Date:
2015
Issued Date:
2015
Topics:
Economic theory and Economics
Keywords:
Taking Turns
Repeated Games
Volunteer's Dilemma
Mechanism Design
Genres:
Online resources and Dissertations, Academic
Dissertation:
Ph.D.--University of California, Santa Barbara, 2015
Description:

Two individuals have a regular task to complete that requires the effort of only one. Some days it is less costly for one of the individuals to complete the task, and some days it is less costly for the other individual. Each knows only their own cost. Taking turns is fair, but rigid turn-taking cannot account for changing costs. The person obligated might not be best suited for the job. A natural solution is to allow some flexibility - swapping turns when efficient. These arrangements are so familiar, we rarely think of them as economic mechanisms, but doing so provides interesting insights into their properties and performance. In the first chapter of this dissertation, I model flexible turn-taking as a simple dynamic mechanism (recurring rotation) and derive theoretical properties of the mechanism. In the second chapter, I present results of an experiment designed to test these properties. Although the efficiency achieved by subjects is close to the expected efficiency, behavioral anomalies that cannot be explained by social preferences or strategic concerns suggest that subjects may be used to a different form of flexible turn-taking. An alternative form of flexible turn-taking (obligation takeover) retains familiar structure, is consistent with patterns of subject behavior, and can achieve approximately the same efficiency as an optimal mechanism using money transfers under uniformly distributed costs. I present this in the third chapter.

Physical Description:
1 online resource (122 pages)
Format:
Text
Collection(s):
UCSB electronic theses and dissertations
ARK:
ark:/48907/f3k64g81
ISBN:
9781339084442
Catalog System Number:
990045715850203776
Rights:
Inc.icon only.dark In Copyright
Copyright Holder:
Gregory Leo
Access: This item is restricted to on-campus access only. Please check our FAQs or contact UCSB Library staff if you need additional assistance.