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An Equilibrium Analysis of the Finitely Networked Repeated Prisoner’s Dilemma Game

Yim, Kyubin - 2022

Based on the game-theoretical model approach, I analyze the equilibrium state in the finitely repeated networked prisoner's dilemma. From the 1st round to round t_c, all players play the simple two-person prisoner's dilemma game with a partner randomly selected. From round t_c to the final...

Persistent link: https://www.econbiz.de/10014256284

Communication, commitment, and deception in social dilemmas : experimental evidence

Camera, Gabriele; Casari, Marco; Bigoni, Maria - 2011

Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make public statements before playing a prisoner's dilemma. The interaction was repeated indefinitely, which generated multiple equilibria. Communication could be used as a tool to...

Persistent link: https://www.econbiz.de/10011737254

Monitoring institutions in indefinitely repeated games

Camera, Gabriele; Casari, Marco - 2015

Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic uncertainty and multiple equilibria where coordinating on the efficient outcome is a challenge. Participants, interacting anonymously in a group, could pay a cost either to...

Persistent link: https://www.econbiz.de/10011713674

Sequential Commitment Games

Arieli, Itai; Babichenko, Yakov; Tennenholtz, Moshe - 2015

We consider extensive-form games in which players have the option to commit to actions before the game is played. We focus on commitment procedures where players make voluntary irreversible commitments in a prescribed order over the decision nodes. We study whether such commitment procedures may...

Persistent link: https://www.econbiz.de/10014135380

Cooperation and Harmony in Finite Games

Zizzo, Daniel John - 2005

Game harmony is a generic game property that describes how harmonious (non-conflictual) or disharmonious (conflictual) the interests of players are, as embodied in the payoffs. It can be used to predict the relative degree of cooperation in games of different harmony. For a large enough increase...

Persistent link: https://www.econbiz.de/10014064600

Persistence of power : repeated multilateral bargaining with endogenous agenda setting authority

Agranov, Marina; Cotton, Christopher; Tergiman, Chloe - 2019 - Current version: February 2019

such refinements come from environments in which proposal power is exogenous and the incentives for players to develop … cooperative relationships are minimized. However, in many environments including legislative bargaining, agenda setting power is … outcomes when proposal power is randomly assigned, but do not predict outcomes when proposal power is endogenous. …

Persistent link: https://www.econbiz.de/10012183367

Repeated implementation

Āzacis, Helmuts; Vida, Péter - 2015

We prove that a social choice function is repeatedly implementable if and only if it is dynamically monotonic when the number of agents is at least three. We show how to test dynamic monotonicity by building an associated repeated game. It follows that a weaker version of Maskin monotonicity is...

Persistent link: https://www.econbiz.de/10011345783

Repeated Nash implementation

Mezzetti, Claudio; Renou, Ludovic - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 249-285

We study the repeated implementation of social choice functions in environments with complete information and changing preferences. We de?ne dynamic mono- tonicity, a natural but nontrivial dynamic extension of Maskin monotonicity, and show that it is necessary and almost suf?cient for repeated...

Persistent link: https://www.econbiz.de/10011704811

The coordination value of monetary exchange : experimental evidence

Camera, Gabriele; Casari, Marco - 2011

Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions and uncover a new behavioral foundation for the use of monetary systems. In an experiment, anonymous subjects could cooperate or defect in bilateral random encounters. This...

Persistent link: https://www.econbiz.de/10011735015

Money and the scale of cooperation

Bigoni, Maria; Camera, Gabriele; Casari, Marco - 2015

This study reveals the existence of a causal link between the availability of money and an expanded scale of interaction. We constructed an experiment where participants chose the group size, either a low-value partnership or a high-value group of strangers, and then faced an intertemporal...

Persistent link: https://www.econbiz.de/10011713754

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