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When players face uncertainty in choosing actions, undesirable outcomes cannot be avoided. Accidental defections caused by uncertainty, that does not depend on the level of care, require a mechanism to reconcile the players. This paper shows the existence of a perfect sorry equilibrium in a game...
Persistent link: https://www.econbiz.de/10012969965
Persistent link: https://www.econbiz.de/10011590197
Globalization is understood to imply increased inter-national interactions. However, by enabling the birth and growth of supra-national entities it might undermine the necessity and importance of nation states, which are axiomatically the essence of any inter-national interactions. The attempt...
Persistent link: https://www.econbiz.de/10013127068
Experimental studies about the impact of non-binding announcements on contributions in public goods games have found differing results. The divergence in empirical results warrants further investigation into how announcements might affect contributions in such a setting. This paper posits that...
Persistent link: https://www.econbiz.de/10013308238