liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the … fund managers are more conservative the liquidity requirement has to be strengthened while the solvency one relaxed. Higher … financial intermediary is opaque) and, correspondingly, liquidity requirements should be tightened. The model is applied to …

opportunity for profitable cooperation. Our experimental method creates two groups of subjects who are similar but have different … long-run losses. Initially similar, cooperation rates for groups with different intelligence levels diverge, declining in … groups of lower intelligence, and increasing to reach almost full cooperation levels in groups of higher intelligence …

hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against …

artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the … prisoner’s dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …

identify individual punishment patterns and link them with individual cooperation patterns. Classifying N = 628 subjects along … these two dimensions documents that cooperation and punishment patterns are intuitively aligned for most individuals … are more crucial for achieving cooperation than conditional cooperators. Incorporating information on punishment types …

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation … change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish … cooperation. We find that the possibility of being punished increases the strength of conditional cooperation. At the same time …