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Self-regulation and trust under endogenous transaction costs

Sacco, Pier Luigi - 1997

social norms of trust. We find that in certain cases, i.e. when the partnership is very rewarding in absolute terms and the … risk of exploitation from defector partners is relatively low, pure trust may emerge as a social standard of behaviour in a …-phase transition to pure trust may emerge: in the first phase, 'cautious' co-operators who monitor the partner spread over, to be …

Persistent link: https://www.econbiz.de/10011608313

Mechanisms with Referrals: VCG Mechanisms and Multilevel Mechanisms

Lee, Joosung - 2017

We study mechanisms for environments in which only some of the agents are directly connected to a mechanism designer and the other agents can participate in a mechanism only through the connected agents' referrals. In such environments, the mechanism designer and agents may have different...

Persistent link: https://www.econbiz.de/10011662437

Pairwise-Stability and Nash Equilibria in Network Formation

Calvó-Armengol, Antoni; Ilkiliç, Rahmi - 2005

Suppose that individual payoffs depend on the network connecting them. Consider the following simultaneous move game of network formation: players announce independently the links they wish to form, and links are formed only under mutual consent. We provide necessary and sufficient conditions on...

Persistent link: https://www.econbiz.de/10010312598

Under-connected and over-connected networks

Hellmann, Tim; Buechel, Berno - 2009

Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...

Persistent link: https://www.econbiz.de/10010279423

Self-enforcing voluntary agreements and environmental reputation

Cavaliere, Alberto - 1999

Voluntary agreements with industry offer many examples of overcompliance with respect to environmental standards. Such phenomena seem to be irrational but appear less surprising considering firms' strategies are aimed to internalise environmental quality. We model the choice of the environmental...

Persistent link: https://www.econbiz.de/10011608537

Harmful signaling in matching markets

Kushnir, Alexey - 2010

Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job market for new Ph.D. economists. We evaluate the effect of such mechanisms on two-sided matching markets by considering a game of incomplete information between firms and...

Persistent link: https://www.econbiz.de/10010272417

United We Vote

Eguia, Jon X. - 2006

This paper studies the advantages that a coalition of agents obtains by forming a voting bloc to pool their votes and cast them all together. We identify the necessary and sufficient conditions for an agent to benefit from the formation of the voting bloc, both if the agent is a member of the...

Persistent link: https://www.econbiz.de/10010312299

Applications of Relations and Graphs to Coalition Formation

Rusinowska, Agnieszka; Berghammer, Rudolf; de Swart, Harrie - 2006

A stable government is by definition not dominated by any other government. However, it may happen that all governments are dominated. In graph-theoretic terms this means that the dominance graph does not possess a source. In this paper we are able to deal with this case by a clever combination...

Persistent link: https://www.econbiz.de/10010312352

A Weak Bargaining Set for Contract Choice Problems

Lahiri, Somdeb - 2006

In this paper, we consider the problem of choosing a set of multi-party contracts, where each coalition of agents has a non-empty finite set of feasible contracts to choose from. We call such problems, contract choice problems. The main result of this paper states that every contract choice...

Persistent link: https://www.econbiz.de/10010312378

Evaluation of Parties and Coalitions After Parliamentary Elections

Tangian, Andranik - 2006

Five leading German political parties and their coalitions are evaluated with regard to party manifestos and results of the 2005 parliamentary elections. For this purpose, the party manifestos are converted into Yes/No answers to 95 topical questions (Relax the protection against dismissals?...

Persistent link: https://www.econbiz.de/10010312473