| Literature DB >> 33027301 |
Dimitri Dubois1, Stefano Farolfi2, Phu Nguyen-Van3,4, Juliette Rouchier5.
Abstract
This paper experimentally investigates the impact of different information sharing mechanisms in a common-pool resource game, with a view to finding a mechanism that is both efficient and inexpensive for the managing agency. More precisely, we compare the observed extraction levels produced as a result of three mechanisms: a mandatory information sharing mechanism and two voluntary information sharing mechanisms that differ in the degree of freedom given to the players. Our main result is that a voluntary information sharing mechanism could help in reaching a lower average extraction level than that observed with the mandatory mechanism.Entities:
Mesh:
Year: 2020 PMID: 33027301 PMCID: PMC7540899 DOI: 10.1371/journal.pone.0240212
Source DB: PubMed Journal: PLoS One ISSN: 1932-6203 Impact factor: 3.240
Summary view of the treatments.
| MD | VD | FD | |
|---|---|---|---|
| Voluntary sharing | No | Yes | Yes |
| Freedom to choose the value to be disclosed | No | No | Yes |
Stages of one round, in the three treatments.
| MD | VD | FD | |
|---|---|---|---|
| Player decided how much they extracted from the collective account | |||
| Skipped, the player had no choice | Player decided whether their extraction would be displayed on the round summary screen of their group members | Player decided whether their extraction would be displayed on the round summary screen of their group members, and if so, entered the value that would be displayed | |
| Round summary | |||
Fig 1Frequency of voluntary disclosure.
Summary statistics.
| Average extraction (std) | |||||
|---|---|---|---|---|---|
| Treatment | # Groups | Round 1 | Rounds 1 to 10 | Rounds 11 to 20 | Rounds 1 to 20 |
| MD | 8 | 8.06 (2.20) | 9.00 (1.83) | 9.45 (1.46) | 9.22 (1.67) |
| VD | 9 | 7.31 (2.66) | 7.84 (2.55) | 8.86 (2.31) | 8.35 (2.49) |
| FD | 9 | 8.03 (2.43) | 8.26 (2.40) | 9.06 (1.77) | 8.66 (2.14) |
Fig 2Evolution of average extraction per treatment.
Estimation results for the whole sample using the CRE dynamic Tobit model with individual extraction as the dependent variable.
| Variable | Coefficient | Partial effect |
|---|---|---|
| (Std.Err.) | (Std.Err.) | |
| Individual past decision | 0.006 | 0.002 |
| (0.061) | (0.021) | |
| Group past decision | 0.133 | 0.046 |
| (0.030) | (0.010) | |
| Decision-making time | -0.049 | -0.017 |
| (0.010) | (0.003) | |
| Treatment VD | -1.830 | -0.636 |
| (0.563) | (0.195) | |
| Treatment FD | -2.171 | -0.753 |
| (1.040) | (0.361) | |
| Time trend | 0.163 | 0.056 |
| (0.019) | (0.006) | |
| Individual initial decision | 0.178 | 0.062 |
| (0.095) | (0.033) | |
| Intercept | -8.229 | |
| (5.148) | ||
| Log-likelihood | -2129.767 | |
| Wald test for model significance | χ2 (63) = 902.19 | p-value<0.001 |
| LR test for CRE dynamic Tobit without controls | χ2 (21) = 143.09 | p-value<0.001 |
| LR test for standard RE static Tobit | χ2 (59) = 278.01 | p-value<0.001 |
| Number of observations | 1976 | |
| Number of individuals | 104 | |
| Uncensored observations | 672 | |
| Left-censored observations | 26 | |
| Right-censored observations | 1278 |
Notes: Standard errors are given in brackets. Significance level:
*10%
**5%.
Fig 3Evolution of average extractions depending on whether or not they were disclosed.
Fig 4Actual extractions in FD for players who did not disclose their decisions, for players who disclosed their actual extraction, and for players who disclosed an amount different from the actual one.
For the last case the disclosed amount is also shown.
Estimation results by treatment, using the CRE dynamic Tobit model with individual extraction as the dependent variable.
| MD | VD | FD | ||||
|---|---|---|---|---|---|---|
| Variable | Coefficient | Partial effect | Coefficient | Partial effect | Coefficient | Partial effect |
| (Std. Err.) | (Std.Err.) | (Std. Err.) | (Std.Err.) | (Std. Err.) | (Std.Err.) | |
| Individual past decision | 0.260 | 0.058 | 0.217 | 0.090 | -0.333 | -0.131 |
| (0.140) | (0.031) | (0.106) | (0.044) | (0.133) | (0.053) | |
| Group past decision | 0.189 | 0.042 | 0.065 | 0.027 | 0.178 | 0.070 |
| (0.068) | (0.015) | (0.037) | (0.015) | (0.061) | (0.024) | |
| Decision-making time | -0.049 | -0.011 | -0.059 | -0.024 | -0.073 | -0.029 |
| (0.018) | (0.004) | (0.014) | (0.006) | (0.021) | (0.008) | |
| Time trend | 0.133 | 0.030 | 0.175 | 0.072 | 0.139 | 0.055 |
| (0.044) | (0.010) | (0.029) | (0.012) | (0.056) | (0.022) | |
| Individual initial decision | 0.059 | 0.013 | 0.476 | 0.197 | -0.119 | -0.047 |
| (0.253) | (0.057) | (0.141) | (0.058) | (0.126) | (0.050) | |
| Information sharing, current round | 4.629 | 1.915 | ||||
| (3.384) | (1.396) | |||||
| Information sharing, previous round | -3.382 | -1.399 | ||||
| (1.549) | (0.638) | |||||
| Information sharing, #members in the group | 0.013 | 0.005 | -0.180 | -0.071 | ||
| (0.247) | (0.102) | (0.289) | (0.114) | |||
| Information sharing & lying, current round | 4.530 | 1.791 | ||||
| (3.855) | (1.523) | |||||
| Information sharing & non-lying, current round | 8.347 | 3.301 | ||||
| (5.276) | (2.082) | |||||
| Information sharing & lying, previous round | -2.188 | -0.865 | ||||
| (1.748) | (0.690) | |||||
| Information sharing & non-lying, previous round | -4.731 | -1.871 | ||||
| (2.694) | (1.063) | |||||
| Intercept | -10.860 | -6.737 | -14.047 | |||
| (14.438) | (1.596) | (4.576) | ||||
| Log-likelihood | -470.06 | -783.55 | -823.01 | |||
| Wald test for model significance | Χ2 (23) = 165.15 | p < .001 | Χ2 (27) = 534.49 | p < .001 | Χ2 (30) = 345.13 | p < .001 |
| LR test for CRE dynamic Tobit without controls | Χ2 (2) = 20.15 | p < .001 | Χ2 (2) = 70.16 | p < .001 | Χ2 (2) = 51.23 | p < .001 |
| LR test for standard RE static Tobit | Χ2 (21) = 67.12 | p < .001 | Χ2 (21) = 94.38 | p < .001 | Χ2 (20) = 92.02 | p < .001 |
| Number of observations | 608 | 684 | 684 | |||
| Number of individuals | 32 | 36 | 36 | |||
| Uncensored observations | 133 | 269 | 270 | |||
| Left-censored observations | 2 | 4 | 20 | |||
| Right-censored observations | 473 | 411 | 394 |
Notes: Standard errors are given in brackets. Significance level:
*10%
**5%.