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This article contrasts supporting partnerships through relational contracting and supporting partnerships through formal legal institutions. A large population of players interact in bilateral relationships. Efficiency requires cooperation, but cheating yields a higher short-term payoff. There...
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This paper suggests a mechanism that describes individuals' positive self-image in subjective assessments of their relative abilities. The mechanism assumes individuals have heterogeneous production functions that determine ability as a function of multiple skills; make skill-enhancing...
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This essay looks at the literature on social capital from the perspective of game theory. It reviews Bowling Alone by Robert Putnam and Social Capital: A Multifaceted Approach edited by Partha Dasgupta and Ismail Serageldin.
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