Showing 1 - 10 of 3,049
Persistent link: https://www.econbiz.de/10001634331
We study the stability properties of organizations in partition function games, describing cooperative situations with externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected graph. Because of the presence of...
Persistent link: https://www.econbiz.de/10011597403
Persistent link: https://www.econbiz.de/10009012201
Persistent link: https://www.econbiz.de/10001476261
Almost all economic and public choice models assume that all people are exclusively pursuing their own material self-interests and do not care about "social" goals per se. Several (laboratory) experiments address the question of the general validity of this assumption. A consistent conclusion...
Persistent link: https://www.econbiz.de/10003821574
Persistent link: https://www.econbiz.de/10012244550
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We … investigate cooperation when information about players' reputations spreads to their future partners through links in a social … network that connects them. We find that information supports cooperation by increasing trust between players, and obtain the …
Persistent link: https://www.econbiz.de/10011773641
Persistent link: https://www.econbiz.de/10001613889
Persistent link: https://www.econbiz.de/10013401804
We consider a model of the "world" with several regions that may create a unified entity or be partitioned into several unions (countries). The regions have distinct preferences over policies chosen in the country to which they belong and equally share the cost of public policies. It is known...
Persistent link: https://www.econbiz.de/10003715264