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reputation makes the company attractive to potential partners and facilitates the establishment of cooperation, which allows …. Currently, the final version of the company's offer is the result of cooperation across a network of companies forming one set …
Persistent link: https://www.econbiz.de/10010937938
them. It could reduce transaction costs and eliminate inefficiencies in trading relationships with cooperation and … reputation in long-term relationships. …
Persistent link: https://www.econbiz.de/10005025499
Persistent link: https://www.econbiz.de/10010542233
In a model of repeated games, we determine the conditions under which cooperation is an equilibrium outcome among the G … with the agreements made are necessary if the goals are to achieve cooperation and thereby attain desirable common goals …' reputations, continuous cooperation becomes more difficult. …
Persistent link: https://www.econbiz.de/10009294593
interactions, direct and indirect reputation and memory constraints that is crucial for the emergence of cooperation. Taken by … itself, none of these mechanisms is sufficient to yield cooperation. …
Persistent link: https://www.econbiz.de/10008500662
This paper presents the results of laboratory experiments on the relevance of reputation for trust and cooperation in … positively affects cooperation by encapsulating trust; (ii) certain differences in the reputation mechanism can generate … social interaction. We have extended a repeated investment game by adding new treatments where reputation is taken more …
Persistent link: https://www.econbiz.de/10008469741
have preferences over possible opponents. We model reputation as a noisy observation of actual propensity to cooperate and … illustrate how reputation based choice of opponents can explain both the emergence and deterioration of cooperation. We show that …The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people …
Persistent link: https://www.econbiz.de/10005190588
We show that, in repeated common interest games without discounting, strong `perturbation implies efficiency' results require that the perturbations must include strategies which are `draconian' in the sense that they are prepared to punish to the maximum extent possible. Moreover, there is a...
Persistent link: https://www.econbiz.de/10005407513
takes place when two agents agree to play. Socially optimal cooperation is evolutionarily stable when reputation perfectly … reflects propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for … reputation results in a seemingly altruistic behavior. The degree of cooperation is decreasing in anonymity. If reputation is …
Persistent link: https://www.econbiz.de/10005645192
two agents agree to play. Pareto optimal cooperation is evolutionarily stable when reputation perfectly reflects … propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for reputation … results in a seemingly altruistic behavior. The degree of cooperation is decreasing in anonymity. If reputation is noisy …
Persistent link: https://www.econbiz.de/10005645210