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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 …
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Due to globalization competitive firms face increasing economic opportunities for locating their activities in countries, regions and cities that provide the best business environment for their specific needs. In our study we focus on the impact of economic risk and risk preferences upon...
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