We examine experimentally two different types of trust: trust in another party’s cooperation and trust in ability. In … the cooperation condition, player A sends x ? {0, X} to player B. The amount x is multiplied by c = 3, and B can return y … ability condition, but no significant effect in the cooperation condition. …

crucial in promoting large-scale cooperation. …

We study the emergence of norms of cooperation in experimental economies populated by strangers interacting … enforcement promote cooperation? Finally, what classes of strategies are employed to achieve high efficiency? We find that, first …, cooperation can be sustained even in anonymous settings; second, some type of monitoring and punishment institutions significantly …

worthless tickets affected outcomes and cooperation patterns. Tickets resembled fiat money, which emerged as a tool for … equilibrium selection in the economy. Monetary exchange facilitated coordination on cooperation and redistributed surplus from …