@techreport{BruttelGuethNithammeretal.2020,
  type      = {Working Paper},
  author    = {Bruttel, Lisa Verena and G{\"u}th, Werner and Nithammer, Juri and Orland, Andreas},
  title     = {Inefficient Cooperation under Stochastic and Strategic Uncertainty},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {20},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-47550},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-475500},
  year      = {2020},
  abstract  = {Stochastic uncertainty can cause difficult coordination problems that may hinder mutually beneficial cooperation. We propose a mechanism of ex-post voluntary transfers designed to circumvent these coordination problems and ask whether it can do so. To test this, we implement a controlled laboratory experiment based on a repeatedly played Ultimatum Game with a stochastic endowment. Contrary to our hypothesis, we find that allowing voluntary transfers does not entail an efficiency increase. We suggest and analyze two main reasons for this finding: First, the stochastic uncertainty forces proposers to accept high strategic uncertainty if they intend to cooperate by claiming a low amount (which many proposers do not). Second, many responders behave only incompletely conditionally cooperative by transferring too little (which hinders cooperation in future periods).},
  language  = {en}
}