This Paper considers a time-inconsistent individual who has the ability to make promises that lead to a financial or … reputation loss if broken. We first identify conditions under which promises made are kept, and conditions under which they are … (partially) broken. Second, we endogenize the financial loss from breaking promises by considering interpersonal monitoring and …

procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …

How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the …

a model that builds on two separate literatures: the literature on international monetary cooperation on the one hand …

. 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 …

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 …

’s constraints on issue linkage (cross-retaliation) welfare-enhancing? To facilitate international cooperation should governments … choices (e.g. to ‘conservative’ central bankers) are good or bad for international policy cooperation? …