We conduct an event analysis on OPEC quota announcements to determine their impact on the stock returns in the oil … on stock market returns. This suggests that there is an asymmetric ability on the part of OPEC to secure agreements. In … model explains observed patterns in cheating by OPEC countries. …

international cooperation. We examine the meaning and measurement of resource “scarcity” and its implications for economic growth …

We introduce a class of two-player cooperation games where each player faces a binary decision, enter or exit. These … exiting. When the game is repeated and players' values to entry are private, cooperation admits the form of either taking … optimal symmetric cutoff strategy. These games capture the nature of cooperation in many economic and social situations such …

of those gains. Incentive contracting in these environments does not crowd-out off- equilibrium cooperation, and at high … incentive levels cooperation is crowded in. …

The Coasean way to deal with the cooperation failure that is implicit in Pareto inefficiency is to remove or lessen the … obstacles to cooperation through the attribution of property rights and the elimination or reduction of transaction costs. The … enhance the opportunities for cooperation through voluntary agreements involving private and public parties. Thus the extent …

prospects for cooperation given the need for the firm to learn the environment and its rival's output. We show how a firm …'s profit and cooperation rates are affected by its size, its rival's size and willingness to cooperate and environmental …

Evolutionary theory reveals that punishment is effective in promoting cooperation and maintaining social norms …