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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10011398368
cooperation. Holländer, however, did not define the characteristics of environments in which high valued approval is likely to … signaling motives. Our findings point to new institutions that rely on reward, rather than punishment, to efficiently promote …
Persistent link: https://www.econbiz.de/10014177046
. Yet, when they are given the opportunity to punish free-riders, stable cooperation is maintained although punishment is … bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games …
Persistent link: https://www.econbiz.de/10005760905
literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …
Persistent link: https://www.econbiz.de/10014428113
literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …
Persistent link: https://www.econbiz.de/10014431358
literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …
Persistent link: https://www.econbiz.de/10014493908
In this paper we provide a political game where agents decide whether to become legislators or politicians. Legislators determine the political institutions constraining politicians' behavior and politicians compete for gaining the power to make decisions about the level of the public good. We...
Persistent link: https://www.econbiz.de/10010343846
In a radical school choice reform in 1992, Sweden's education system was opened to private competition from independent for-profit and non-profit schools funded by vouchers. Competition was expected to produce higherquality education at lower cost, in both independent and public schools. This...
Persistent link: https://www.econbiz.de/10011571379
Market power on each side of a multisided platform, whether in the form of increasing prices or decreasing quality, is constrained by the risk of losing sales on the other sides. That tends to weaken market power on each side and encourages platforms to keep prices lower and quality higher than...
Persistent link: https://www.econbiz.de/10014128700
In this paper we provide a political game where agents decide whether to become legislators or politicians. Legislators determine the political institutions constraining politicians' behavior and politicians compete for gaining the power to make decisions about the level of the public good. We...
Persistent link: https://www.econbiz.de/10014208460