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This paper tests the hypothesis that a (partial) reason why cartels - collective but costly and non-binding price agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form price agreements are more likely to be less...
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A number of studies discuss whether and how economists differ from other disciplines in the amount that they contribute to public goods. We view this debate as incomplete because it neglects the willingness to sanction non-cooperative behavior, which is crucial for maintaining social order and...
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on the level of cooperation by their groupmates (conditional cooperation). However, while the strategy method is … of conditional cooperation. This problem was highlighted by two previous studies which found that the strategy method … could also detect equivalent levels of cooperation even among those grouped with computerized groupmates, indicative of …
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