Showing 1 - 10 of 34
capital of trustworthiness and that we call the stock of cooperation. We show that noncooperative agents might condition their … action on this state variable. Agents build-up the society's stock of cooperation and gradually overcome the free riding … le stock de capital social, ou « stock de coopération ». Nous démontrons que cette variable peut influencer les actions …
Persistent link: https://www.econbiz.de/10005100589
We show that the famous neutrality result in the theory of public good contributions (Warr, Kemp, Bergstrom, Blume and Varian) depends crucially on the assumption that agents do not take into account the effect of their public good contribution decisions on the relative price of the private...
Persistent link: https://www.econbiz.de/10005101023
unconditional, punishment, and counting strategies. When data are observationally equivalent among different strategies, punishment … contain positive reciprocity and forgiveness. Our experiment provides an empirical basis for repeated-game strategies and …
Persistent link: https://www.econbiz.de/10011183749
failure from cooperation over emissions and increase welfare On étudie l'effet d'une augmentation du niveau de risque … seuil, une augmentation du risque peut pallier la défaillance de coopération et améliorer le bien-être social. …
Persistent link: https://www.econbiz.de/10011183755
the experiment, pairs of subjects competitively extract and consume a renewable resource in continuous time. We find that … experiment thus provides empirical evidence for equilibrium selection in this widely used differential game, as well as evidence …
Persistent link: https://www.econbiz.de/10011183778
We consider the class of differential games with transition dynamics and constraints that are homogeneous of degree one. We show that if the integrand of the objective function is homogeneous of degree , then best replies to linear homogeneous Markov strategies are linear homogeneous, and the...
Persistent link: https://www.econbiz.de/10005100812
We show that, in a model with substitutability between capital and resources, the path of sustainable development may be non-smooth, and may exhibit the overshooting property: starting from low levels of capital and resources, the economy may accumulate capital beyond its steady-state level,...
Persistent link: https://www.econbiz.de/10005100827
We study the development of a duopoly industry -evolution of firm capacities and competitive behavior- in a continuous-time real-options model of capacity investment. Our methodology allows the evaluation of investment options and exercise rules in a strategic setup. In the initial industry...
Persistent link: https://www.econbiz.de/10005100881
We study a simple duopoly model of preemption with multiple investments and instantaneous Bertrand competition in a stochastically growing market. Different patterns of equilibria may arise, depending on the importance of the real option effect. If the average growth rate of the market is close...
Persistent link: https://www.econbiz.de/10005100883
cooperation implies excessive use of input, leading to excessively rapid rates of decline in effectiveness. The harm is more …
Persistent link: https://www.econbiz.de/10005100964