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together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … partners for collaboration, while cooperation problems arise at the investment levels of partners who have already agreed to …. It is mostly found that if cooperation is successful in terms of investment, it is due to subjects being able to monitor …
Persistent link: https://www.econbiz.de/10009752455
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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
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We propose a new concept, the pairwise farsightedly stable set, in order to predict which networks may be formed among farsighted players. A set of networks G is pairwise farsightedly stable (i) if all possible pairwise deviations from any network g - G to a network outside G are deterred by the...
Persistent link: https://www.econbiz.de/10012731412
Situations that require individuals to mutually cooperate are often analysed as coordination games. This paper proposes a model of cooperative network formation where the network is formed through the process of the coordination game being played between multiple agents. Additionally, network...
Persistent link: https://www.econbiz.de/10012895261
I develop a model of collaboration between tournament participants in which agents collaborate in pairs, and an endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of coordination; they value collaboration with others and higher...
Persistent link: https://www.econbiz.de/10011937299
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We … investigate cooperation when information about players' reputations spreads to their future partners through links in a social … network that connects them. We find that information supports cooperation by increasing trust between players, and obtain the …
Persistent link: https://www.econbiz.de/10011773641
Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation … in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial …. Here, we present a new individual-based model for the evolution of reciprocal cooperation between reputation and networks …
Persistent link: https://www.econbiz.de/10011621316