Showing 1 - 10 of 102
. 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
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
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
find a large and positive effect of endogenous institutional choice on the level of cooperation in comparison to … exogenously implemented institutions. This suggests that democratic participation rights enhance cooperation in groups. With … high levels of cooperation. Our results are evaluated against the predictions of social preference models. …
Persistent link: https://www.econbiz.de/10005114368
We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one … communication between the sender and the receiver in a way consistent with the theoretical predictions. Deviations from the …
Persistent link: https://www.econbiz.de/10008784698
When countries of different sizes participate in a cooperative agreement, the potential gain from deviation determines the minimum power that each country requires in the common decision-making. This paper studies the problem in the context of a common currency, which requires coordination of...
Persistent link: https://www.econbiz.de/10005662264
Our results on the relationship between R&D spillovers and cooperation in R&D suggest that it is necessary to …
Persistent link: https://www.econbiz.de/10005662294
lead to a unique equilibrium path where external enforcement remains weak and individual values discourage cooperation. …
Persistent link: https://www.econbiz.de/10005666501
in these models. We propose a way to take these pay-offs into account, and find that cooperation as equilibrium of the … parameter space, all cooperation equilibria are strictly risk dominated in the sense of Harsanyi and Selten (1988). We derive an … others defect, and argue it is a better measure for the ‘likelihood’ of cooperation than the critical level at which …
Persistent link: https://www.econbiz.de/10005666887
How can we explain the success of cooperative networks of firms that share innovations, such as Silicon Valley or the Open Source community? This Paper shows that if innovations are cumulative, making an invention publicly available to a network of firms may be valuable if the firm expects to...
Persistent link: https://www.econbiz.de/10005666989