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This paper tests the hypothesis that a (partial) reason why cartels - collective but costly and non-binding price agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form price agreements are more likely to be less...
Persistent link: https://www.econbiz.de/10012547790
A number of studies discuss whether and how economists differ from other disciplines in the amount that they contribute to public goods. We view this debate as incomplete because it neglects the willingness to sanction non-cooperative behavior, which is crucial for maintaining social order and...
Persistent link: https://www.econbiz.de/10011905088
Paying it forward" is a behavior in which people help someone else because they were helped in the past. Although experimental evidence exists that indicates that real human beings often "pay-it-forward" even in the face of free-rider risks, the theoretical basis for the evolution of this...
Persistent link: https://www.econbiz.de/10014636252
on the level of cooperation by their groupmates (conditional cooperation). However, while the strategy method is … of conditional cooperation. This problem was highlighted by two previous studies which found that the strategy method … could also detect equivalent levels of cooperation even among those grouped with computerized groupmates, indicative of …
Persistent link: https://www.econbiz.de/10014418083
cooperation), especially for Partners. These results suggest Take framing and Individual-level feedback increase the variability … of cooperation. …
Persistent link: https://www.econbiz.de/10011383730
Social dilemmas are among the most puzzling issues in the biological and social sciences. Extensive theoretical efforts have been made in various realms such as economics, biology, mathematics, and even physics to figure out solution mechanisms to the dilemma in recent decades. Although...
Persistent link: https://www.econbiz.de/10012015563
-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
Persistent link: https://www.econbiz.de/10013252726
cooperation flourish, and withholding punishment makes cooperation collapse. In less cooperative social environments, where … antisocial punishment has been detected, punishment was detrimental to cooperation. The success of punishment in enhancing … cooperation was explained as deterrence of free riders by cooperative strong reciprocators, who were willing to pay the cost of …
Persistent link: https://www.econbiz.de/10012607461
factors that are known to affect cooperation levels, and in so doing replicate and extend previous empirical research on …
Persistent link: https://www.econbiz.de/10012015524
In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that...
Persistent link: https://www.econbiz.de/10010240816