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Cooperation and signaling with uncertain social preferences
Duffy, John; Muñoz-García, Félix - In: Theory and decision : an international journal for … 78 (2015) 1, pp. 45-75
Persistent link: https://www.econbiz.de/10010513936
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Cooperation and Signaling with Uncertain Social Preferences
Duffy, John; Munoz-Garcia, Felix - Department of Economics, University of Pittsburgh - 2012
there is one-sided incomplete information and signaling about players' concerns for fairness, specifically, their …
Persistent link: https://www.econbiz.de/10010878527
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Patience or fairness? : analyzing social preferences in repeated games
Duffy, John; Muñoz-García, Félix - In: Games 3 (2012) 1, pp. 56-77
This paper investigates how the introduction of social preferences affects players’ equilibrium behavior in both the one-shot and the infinitely repeated version of the Prisoner’s Dilemma game. We show that fairness concerns operate as a ”substitute” for time discounting in the...
Persistent link: https://www.econbiz.de/10009752853
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Patience or Fairness? Analyzing Social Preferences in Repeated Games
Duffy, John; Munoz-Garcia, Felix - School of Economic Sciences, Washington State University - 2009
This paper investigates how the introduction of social preferences affects players’ equilibrium behavior in both one-shot and infinitely repeated versions of the Prisoner’s Dilemma game. We first show that defection survives as the unique equilibrium of the stage game if at least one player...
Persistent link: https://www.econbiz.de/10008476330
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Patience or Fairness? Analyzing Social Preferences in Repeated Games
Duffy, John; Muñoz-García, Félix - In: Games 3 (2012) 1, pp. 56-77
This paper investigates how the introduction of social preferences affects players’ equilibrium behavior in both the one-shot and the infinitely repeated version of the Prisoner’s Dilemma game. We show that fairness concerns operate as a ”substitute” for time discounting in the...
Persistent link: https://www.econbiz.de/10011030523
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The good, the bad and the complex : product design with imperfect information
Asriyan, Vladimir; Foarta, Dana; Vanasco, Victoria - 2018
This paper explores the incentives of product designers to complexify products, and the resulting implications for overall product quality. In our model, a consumer can accept or reject a product proposed by a designer, who can affect the quality and the complexity of the product. While the...
Persistent link: https://www.econbiz.de/10012065103
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Non-cooperative bargaining and the incomplete informational core
Okada, Akira - In: Journal of Economic Theory 147 (2012) 3, pp. 1165-1190
In an exchange economy with incomplete information, the signaling core is defined by the set of state … underlying the signaling core is supported by a sequential equilibrium of an ultimatum bargaining game with an informed proposer … restart rule belongs to the signaling core if the belief of players satisfies a self-selection property. …
Persistent link: https://www.econbiz.de/10010572398
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Signaling Concerns about Fairness: Cooperation under Uncertain Social Preferences
Duffy, John; Munoz-Garcia, Felix - School of Economic Sciences, Washington State University - 2010
This paper investigates incomplete information and signaling about players?inequity aversion in the simultaneous and … under complete information. We then examine the possibility of information transmission among individuals in a signaling …
Persistent link: https://www.econbiz.de/10008794485
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The role of fairness motives and spatial considerations in explaining departures from Nash equilibrium: stationary and evolutionary lessons from 2x2 games
Tavoni, Alessandro - Volkswirtschaftliche Fakultät, … - 2008
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005837064
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Conditional Cooperation With Negative Externalities – An Experiment
Engel, Christoph; Zhurakhovska, Lilia - Max-Planck-Institut zur Erforschung von … - 2012
Empirically, the commons are not as tragic as standard theory predicts. The predominant explanation for this finding is conditional cooperation. Yet many real life situations involve insiders, who are directly affected by a dilemma, and outsiders, who may be harmed if the insiders overcome the...
Persistent link: https://www.econbiz.de/10010895279