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Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10012908872
Case studies of cartels and recent theory suggest that communication promotes cooperation under imperfect monitoring, where actions can only be observed with noise. We report the results of a laboratory experiment designed to answer the question how much communication is needed to sustain...
Persistent link: https://www.econbiz.de/10012854170
Persistent link: https://www.econbiz.de/10011943477
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10011925584