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Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...
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Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated … voluntary cooperation while exposed to incentives. Overall, our findings show that the behavioral consequences of explicit …
Persistent link: https://www.econbiz.de/10014529308
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated … voluntary cooperation while exposed to incentives. Overall, our findings show that the behavioral consequences of explicit …
Persistent link: https://www.econbiz.de/10014502768
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remains unclear. In each of six treatments that vary the cooperation premium and the informational basis for reputation …, that with a high cooperation premium and good information, investment in reputation grows across sets of finitely … can promote cooperation through a combination of sorting and opportunistic signaling, with late period defections by …
Persistent link: https://www.econbiz.de/10010126752
The observability of partners' past play is known to theoretically improve cooperation in an infinitely repeated … prisoner's dilemma game under random matching. This paper presents evidence from an incentivized experiment that reputational … information per se may not improve cooperation. A structural estimation suggests that a certain percentage of players act …
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