Showing 1 - 10 of 14,166
of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation … can be achieved by an ongoing group? How does group cooperation vary with the group's size and structure? For an arbitrary … distribution of discount factors, we characterize the maximal average co-operation (MAC) likelihood of this game. The MAC …
Persistent link: https://www.econbiz.de/10011325070
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
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
with 50% probability. In the tradition of Folk Theorems we show that both, mutual defection and mutual cooperation until …
Persistent link: https://www.econbiz.de/10010271839
approach is based on the following six "aspects" of a player's behavior: round-1 cooperation, lenience, forgiveness, loyalty …, leadership, and following. Using a laboratory experiment, we explore how aspects are correlated between each other in a given …
Persistent link: https://www.econbiz.de/10011381012
The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of bureaucrats. Each entrepreneur's project is approved if and only if it is cleared by each bureaucrat. The project value is stochastic; its value is observed only by the entrepreneur,...
Persistent link: https://www.econbiz.de/10010292052
People have a marginal role in managing forests located in the vicinity of their villages inNorthern India. This situation is scrutinised in this paper by studying strategic play of forestusers. Thereto, a 1 versus n−1 game of people's participation in forest management is estimatedfor three...
Persistent link: https://www.econbiz.de/10011335757
A fundamental question in social sciences is how trust emerges. We provide an answer which relies on the formation of social and economic relationships. We argue that behind trust lies the fact that individuals invest in connections taking into account the potential externalities networks...
Persistent link: https://www.econbiz.de/10010325280
We show that small switching costs can have surprisingly dramatic effects in infinitely repeated games if these costs are large relative to payoffs in a single period. This shows that the results in Lipman and Wang [2000] do have analogs in the case of infinitely repeated games. We also discuss...
Persistent link: https://www.econbiz.de/10011940654
under the profile after two distinct histories that agree in the last L periods is equal. Mailath and Morris (2002, 2006) proved that any strict equilibrium in bounded-recall strategies of a game with full support public monitoring is robust to all perturbations of the monitoring structure...
Persistent link: https://www.econbiz.de/10010266288