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Flexibility - the ability to react swiftly to others' choices - facilitates collusion by reducing gains from defection before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment after too few noisy signals. The combination of these...
Persistent link: https://www.econbiz.de/10011084106
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral …
Persistent link: https://www.econbiz.de/10011084279
"). The outsiders do not underbid the insiders since, were they to do so, the insiders would withdraw cooperation from them …
Persistent link: https://www.econbiz.de/10005791249
This paper provides a coherent, logical framework that connects the main issues concerning fiscal policy in an economic and monetary union. The focus is on normative issues within the European Union.
Persistent link: https://www.econbiz.de/10005791296
This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10005791797
In this paper we characterize a situation in which non-calculative trust has to play a role in the decision to cooperate. We then analyse the given situation in game theoretical terms and distinguish those aspects of players’ decisions that are cooperative from those that may be interpreted as...
Persistent link: https://www.econbiz.de/10005792217
How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the …
Persistent link: https://www.econbiz.de/10008468568
a model that builds on two separate literatures: the literature on international monetary cooperation on the one hand …
Persistent link: https://www.econbiz.de/10005124321
. The aversion to intertemporal substitution, a regular feature of real world agents, facilitates cooperation by decreasing …. Access to goods’ markets and ‘money’ may then hinder cooperation by undoing these effects, allowing agents to save and … markets make cooperation even harder to sustain, unless the market interest rate is sufficiently below agents’ discount rate …
Persistent link: https://www.econbiz.de/10005136656
for cooperation. As a counterfactual, we analyse worker behaviour when workers are paid piece rates and thus have no … exposure cooperate more. Shocks to the workforce in the form of new worker arrivals disrupt cooperation in the short term but …
Persistent link: https://www.econbiz.de/10005498099