Showing 1 - 10 of 2,153
hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against …
Persistent link: https://www.econbiz.de/10013322849
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014348138
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first … conditional cooperation is higher when the own gain from defecting is lower and when the loss imposed on the first mover from … role of social preferences in conditional cooperation …
Persistent link: https://www.econbiz.de/10014077010
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10013212257
Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa …
Persistent link: https://www.econbiz.de/10010261410
’ VCMP to rule out other potential explanations. We use a beliefs-based model, rooted in psychological game theory, to derive …
Persistent link: https://www.econbiz.de/10014262745
unique equilibrium where legal enforcement remains weak and individual values discourage cooperation. …
Persistent link: https://www.econbiz.de/10010264316
mediated by differences in cognitive skills. Our design uses a Repeated Prisoner's Dilemma, and we compare rates of cooperation … higher cooperation rates and profits than in separated groups (with consistent gains among lower IQ subjects and relatively … evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383
We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present...
Persistent link: https://www.econbiz.de/10014264158
We experimentally investigate the nature of cooperation in various repeated games, with subjects from Romania and USA …. We find stark cross-country differences in the propensity to sustain multilateral cooperation through bilateral rewards …
Persistent link: https://www.econbiz.de/10010291568