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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

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

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

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

Like oil and water or chocolate and peanut butter? Ethnic diversity and social participation of young people in England

Fumagalli, Elena; Fumagalli, Laura - 2009

The paper studies the impact of ethnic diversity on social participation of young people. We first propose a theoretical model in which the agents choose between structured and unstructured social activities by taking into account the ethnic composition of the groups they join. We test our...

Persistent link: https://www.econbiz.de/10010279389

Computational complexity in additive hedonic games

Dimitrov, Dinko; Sung, Shao-chin - 2008

We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...

Persistent link: https://www.econbiz.de/10010279421

Non-bossy social classifcation

Dimitrov, Dinko; Puppe, Clemens - 2009

We consider the problem of how societies should be partitioned into classes if individuals express their views about who should be put with whom in the same class. A non-bossiness condition makes the social aggregator dependent only on those cells of the individual partitions the society members...

Persistent link: https://www.econbiz.de/10010279448

Reallocating water: An application of sequential sharing rules to Cyprus

Ansink, Erik; Marchiori, Carmen - 2009

We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water,...

Persistent link: https://www.econbiz.de/10010279468