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The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people are randomly matched against each other in repeated games. In this paper we discuss the implications of allowing agents to have preferences over possible opponents. We model...
Persistent link: https://www.econbiz.de/10005190588
We analyze a cooperation game and a coordination game in an evolutionary environment. Agents make noisy observations of opponent's propensity to play dove, called reputation, and form preferences over opponents based on their reputation. A game takes place when two agents agree to play. Socially...
Persistent link: https://www.econbiz.de/10005645192
We analyze a cooperation game in an evolutionary environment. Agents make noisy observations of opponents’ propensity to cooperate, called reputation, and form preferences over opponents based on their reputation. A game takes place when two agents agree to play. Pareto optimal cooperation is...
Persistent link: https://www.econbiz.de/10005645210
Persistent link: https://www.econbiz.de/10009021159
consumption) in recipient countries. Two popular hypotheses about the causes of remittances are the altruism and insurance … hypothesis. Both hypotheses suggest that remittances are sent to compensate for short-run economic declines, but the altruism … countries proceeds and the need for outside assistance decreases. Hence, the altruism hypothesis predicts a negative correlation …
Persistent link: https://www.econbiz.de/10008799779
We study consumer preferences for socially-responsible certified coffee based on alternative ways to distribute the price premium of the product. We use Becker, DeGroot, and Marschak (BDM) auctions in an experimental setting to elicit consumer willingness to pay for two socially-responsible...
Persistent link: https://www.econbiz.de/10011068670