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We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate irrespective of punishment and therefore have a lower demand for a costly punishment institution than groups of like-minded free riders, who are unable to cooperate without...
Persistent link: https://www.econbiz.de/10012542999
Pledges feature in international climate cooperation since the 2015 Paris Agreement. We explore how differences in … the Paris Agreement, can leverage the power of trustworthiness to enhance cooperation. …
Persistent link: https://www.econbiz.de/10014283690
Persistent link: https://www.econbiz.de/10014289236
Reciprocal cooperation can be studied in the Centipede game, in which two players alternate in choosing between a … investigated cooperation in four Centipede games differing in their payoffs at the game's end (positive versus zero) and payoff … high payoff inequality were found to reduce cooperation significantly. Contrary to previous predictions, combining these …
Persistent link: https://www.econbiz.de/10011316544
Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary equilibrium cannot generally be sustained when monitoring and punishment...
Persistent link: https://www.econbiz.de/10010226612
-Stay-Lose-Shift, are not prevalent. We also find that the strategies used to support cooperation change with the parameters of the game …
Persistent link: https://www.econbiz.de/10010195365
opportunity for profitable cooperation. Our experimental method creates two groups of subjects who are similar but have different … long-run losses. Initially similar, cooperation rates for groups with different intelligence levels diverge, declining in … groups of lower intelligence, and increasing to reach almost full cooperation levels in groups of higher intelligence …
Persistent link: https://www.econbiz.de/10011547729
initial cooperation rates are similar, it increases in the groups with higher intelligence to reach almost full cooperation … differences in the response to past cooperation of the partner. In higher intelligence subjects, cooperation after the initial … difference is absent. Cooperation of higher intelligence subjects is payoff sensitive, thus not automatic: in a treatment with …
Persistent link: https://www.econbiz.de/10010409805
hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against …
Persistent link: https://www.econbiz.de/10012652718
Persistent link: https://www.econbiz.de/10012660800