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Butter, Frank A. G. den; Mosch, Robert - 2003

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

Persistent link: https://www.econbiz.de/10011334351

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

; the other is a market-making mode by which an intermediary offers a platform for buyers and sellers to trade with each …

Persistent link: https://www.econbiz.de/10011520869

Homo Moralis and regular altruists II

Akdeniz, Aslihan; Graser, Christopher; Veelen, Matthijs van - 2023

has moral preferences with a morality parameter equal to the level of assortment - is evolutionarily stable, while …

Persistent link: https://www.econbiz.de/10014261141

The breakdown of morale

Vikander, Nick - 2009

This paper studies how morale in teams can break down. It interprets high morale as team members working together productively, either because of a sense of fairness or because of implicit incentives from repeated interactions. Team members learn that lay-offs will occur at a fixed future date,...

Persistent link: https://www.econbiz.de/10011377833

Imitation of cooperation in prisoner's dilemma games with some local interaction

Janssen, Maarten C. W. - 2000

In this paper I study conditions for the emergence of cooperativebehavior in a dynamic model of population interaction.The model has finitely many individuals located on a circle. The pay-off of each individual is partly based on the (local)interaction with neighbors and partly on (uniform)...

Persistent link: https://www.econbiz.de/10011303319

Conditional cooperation and voluntary contributions to public goods

Keser, Claudia; Winden, Frans A. A. M. van - 2000

We compare a partners condition where the same small group of subjects plays arepeated public good game to astrangers condition where subjects play this game in changing group formations.Subjects in the partners conditioncontribute from the first period on significantly more to the public good...

Persistent link: https://www.econbiz.de/10011303327

Hybrid R&D

Goyal, Sanjeev; Konovalov, Alexander; Moraga-González, … - 2003

We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...

Persistent link: https://www.econbiz.de/10011333896

Exploitation and cooperation in networks

Galeotti, Andrea; Meléndez-Jiménez, Miguel A. - 2004

A fundamental question in social sciences is how trust emerges. We provide an answer which relies on the formation of social and economic relationships. We argue that behind trust lies the fact that individuals invest in connections taking into account the potential externalities networks...

Persistent link: https://www.econbiz.de/10011335196

The importance of emotions for the effectiveness of social punishment

Hopfensitz, Astrid; Reuben, Ernesto - 2006

This paper experimentally explores how the enforcement of cooperative behavior in a social dilemma is facilitated through institutional as well as emotional mechanisms. Recent studies emphasize the importance of negatively valued emotions, such as anger, which motivate individuals to punish free...

Persistent link: https://www.econbiz.de/10011346451

How universal is behavior?

Brandts, Jordi; Saijō, Tatsuyoshi; Schram, Arthur - 2002

This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...

Persistent link: https://www.econbiz.de/10011327522