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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

Characterizing the limit set of perfect and public equilibrium payoffs with unequal discounting

Sugaya, Takuo - In: Theoretical economics : TE ; journal of the Econometric … 10 (2015) 3, pp. 691-717

Persistent link: https://www.econbiz.de/10011392660

Sustainable agreements on stochastic river flow

Houba, Harold; Ansink, Erik - 2013

agreements.To derive our main results we apply the Folk Theorem to the river sharing problem using the equilibrium concepts of … subgame-perfect equilibrium and renegotiation-proof equilibrium. We show that, given the upstream-downstream asymmetry …

Persistent link: https://www.econbiz.de/10010224772

Limit equilibrium payoffs in stochastic games

Renault, Jérôme; Ziliotto, Bruno - In: Mathematics of operations research 45 (2020) 3, pp. 889-895

Persistent link: https://www.econbiz.de/10012293358

A partial folk theorem for games with private learning

Wiseman, Thomas - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 2, pp. 217-239

each state to a payoff vector that is feasible and individually rational in that state, there is a sequential equilibrium …

Persistent link: https://www.econbiz.de/10011690752

Characterizing the limit set of perfect and public equilibrium payoffs with unequal discounting

Sugaya, Takuo - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 3, pp. 691-717

perfect and public equilibrium payoffs as discount factors converge to 1 with the relative patience between players fixed. We …

Persistent link: https://www.econbiz.de/10011673281

Bounded memory Folk Theorem

Barlo, Mehmet; Carmona, Guilherme; Sabourian, Hamid - In: Journal of economic theory 163 (2016), pp. 728-774

Persistent link: https://www.econbiz.de/10011593539

Time horizon and cooperation in continuous time

Bigoni, Maria; Casari, Marco; Skrzypacz, Andrzej; … - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 2, pp. 587-616

Persistent link: https://www.econbiz.de/10011350640

A note on "Necessary and sufficient conditions for the perfect finite horizon folk theorem" : [Econometrica, 63 (2): 425-430, 1995.]

Demeze-Jouatsa, Ghislain H. - 2018 - This version: July 28, 2018

Smith (1995) presented a necessary and sufficient condition for the finite- horizon perfect folk theorem. In the proof of this result, the author constructed a family of five-phase strategy profiles to approach feasible and individually rational payoff vec- tors of the stage-game. These strategy...

Persistent link: https://www.econbiz.de/10011891318

Sustainable agreements on stochastic river flow

Ansink, Erik; Houba, Harold - In: Resource and energy economics 44 (2016), pp. 92-117

Persistent link: https://www.econbiz.de/10011776214