In the context of principal-agent theory risk is largely seen as a source that causes inefficiencies and lowers … tournament where output in a team is generated through a particular two-stage production process. I show within a theoretical …

We examine the effect of payoff variations on cooperation in one-shot prisoner's dilemma games. We focus on three … impact on cooperation. Temptation directly deters cooperation and indirectly harms cooperation by lowering beliefs about the … opponent's cooperativeness. Efficiency indirectly affects cooperation through beliefs, but the magnitude of the effect is …