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When investments are non-verifiable, inducing cooperative investments with simple contracts may not be as difficult as previously thought. Indeed, modeling “expectation damages” close to legal practice, we show that the default remedy of contract law induces the ?rst best. Yet, in order to...
Persistent link: https://www.econbiz.de/10010270017
Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa …
Persistent link: https://www.econbiz.de/10010261410
asymmetric risk allocation not only increases the chances of cooperation but lowers the risk of overinvestment. For homogeneous … goods, a symmetric risk allocation is superior as it ensures sufficient investment incentives even if competition is very …
Persistent link: https://www.econbiz.de/10010286379
Persistent link: https://www.econbiz.de/10011696432
Conditions for the emergence of cooperation in a spatial common-pool resource game are studied. This combines in a … three strategies: defection, cooperation, and enforcement. Individual payoffs are affected by both global factors, namely …
Persistent link: https://www.econbiz.de/10010312430
We study the conditions for the emergence of cooperation in a spatial common-pool resource game. We consider three …
Persistent link: https://www.econbiz.de/10010312507
We present results from a novel experiment on the effect of a policy designed to encourage cooperation in a prisoner …'s dilemma game. We find that the effect of this policy on the level of cooperation is greater when it was chosen democratically …
Persistent link: https://www.econbiz.de/10010318878
While there is an extensive literature on the theory of in finitely repeated games, empirical evidence on how “the … higher the levels of cooperation. We compare the behavior from these in finitely repeated games with behavior from finitely … repeated games of the same expected length and we find that there is more cooperation in the in finitely repeated games …
Persistent link: https://www.econbiz.de/10010318999
unique equilibrium where legal enforcement remains weak and individual values discourage cooperation. …
Persistent link: https://www.econbiz.de/10010264316
students, this paper presents a simple model showing that free riding incentives lead to an insufficient degree of cooperation …
Persistent link: https://www.econbiz.de/10010268541