During the last decade, virtual goods have become an important target of consumption online (especially in games, virtual worlds and social networking services) amongst physical and digital goods. In this study we investigate the question of why do people purchase virtual goods by conducting a metaanalysis (random effects model) of the existing quantitative body of literature (24 studies) on th...

This paper investigates determinants that influence on consumers’ attitudes toward nondeceptive counterfeit fashion products and behavioral intention to purchase them. The results show that brand image, social influence and previous experiences have a positive impact on consumers’ attitudes toward counterfeit fashion products. Meanwhile, personal gratification has a negative effect on counterfe...

From the vast amount of research on the public goods game experiment, it became a shared wisdom that a costly punishment of one to others is an effective mechanism to reduce free riders.1 In earlier works of Yamagishi (1986, 1988), a Novel prized work of Ostrom, Walker and Gardner (1992), and seminal works of Fehr and Gächter (2000, 2002), a drastic increase in the average contribution to the p...

Theoretical and experimental research underscores the role of punishment in the evolution of cooperation between humans. Experiments using the public goods game have repeatedly shown that in cooperative social environments, punishment makes cooperation flourish, and that withholding punishment makes cooperation collapse. In less cooperative social environments, where antisocial punishment has b...

Citation: Padoa-Schioppa C (2015) Commentary: Utility-free heuristic models of two-option choice can mimic predictions of utility-stage models under many conditions. A Commentary on Utility-free heuristic models of two-option choice can mimic predictions of utility-stage models under many conditions. Many neuroeconomic studies in the past 10 years have reported neural signals encoding the subje...

The fair division of a bundle of goods (manna) among agents with heterogenous preferences is an important challenge for normative economic analysis. The difficulty is to combine effi ciency (Pareto optimality) with some convincing notion of fairness. When agents are responsible for their ordinal preferences, and cardinal measures of utility are not relevant, the division rule favored by economi...

There has been an extensive research literature on auctions, but recent developments in technology have resulted in new interest in auction mechanisms as a practical way of allocating resources. This paper presents a new double-auction mechanism to handle resource allocation for public goods when complementarity exists. The mechanism is placed in the context of an organization’s internal knowle...