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Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring … monitoring, where actions can only be observed with noise, cooperation is stable only when subjects can communicate before every …
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-based social preferences suggest that negative externalities make collusion harder to sustain than predicted by standard economic … theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be … implemented by letting subjects make a positive contribution to a public good if they choose to defect from cooperation, i …
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Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic … attain higher levels of cooperation compared to a treatment without monitoring. Information about past conduct alone thus … appears to be ineffective in overcoming coordination challenges. …
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information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
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