Showing 1 - 10 of 48
Most of the literature on the independence of the Central Bank assumes only one policy instrument is available: monetary policy. If we introduce fiscal policy as well, when preferences may differ among policy-makers, the situation is radically different. In this case fiscal policy will weaken...
Persistent link: https://www.econbiz.de/10005504246
’s constraints on issue linkage (cross-retaliation) welfare-enhancing? To facilitate international cooperation should governments … choices (e.g. to ‘conservative’ central bankers) are good or bad for international policy cooperation? …
Persistent link: https://www.econbiz.de/10005504790
We document the establishment and evolution of a cooperative norm among workers using evidence from a natural field … for cooperation. As a counterfactual, we analyse worker behaviour when workers are paid piece rates and thus have no … exposure cooperate more. Shocks to the workforce in the form of new worker arrivals disrupt cooperation in the short term but …
Persistent link: https://www.econbiz.de/10005498099
Flexibility - the ability to react swiftly to others' choices - facilitates collusion by reducing gains from defection before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment after too few noisy signals. The combination of these...
Persistent link: https://www.econbiz.de/10011084106
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral …
Persistent link: https://www.econbiz.de/10011084279
When countries of different sizes participate in a cooperative agreement, the potential gain from deviation determines …
Persistent link: https://www.econbiz.de/10005662264
Our results on the relationship between R&D spillovers and cooperation in R&D suggest that it is necessary to … simultaneous relation with cooperative agreements in R&D. …
Persistent link: https://www.econbiz.de/10005662294
lead to a unique equilibrium path where external enforcement remains weak and individual values discourage cooperation. …
Persistent link: https://www.econbiz.de/10005666501
in these models. We propose a way to take these pay-offs into account, and find that cooperation as equilibrium of the … parameter space, all cooperation equilibria are strictly risk dominated in the sense of Harsanyi and Selten (1988). We derive an … others defect, and argue it is a better measure for the ‘likelihood’ of cooperation than the critical level at which …
Persistent link: https://www.econbiz.de/10005666887
How can we explain the success of cooperative networks of firms that share innovations, such as Silicon Valley or the … network of firms may be valuable if the firm expects to benefit from future improvements made by other firms. A cooperative …’s actions following a deviation. A cooperative equilibrium is more likely to arise, the greater the number of firms in the …
Persistent link: https://www.econbiz.de/10005666989