Showing 1 - 10 of 148
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 … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …
Persistent link: https://www.econbiz.de/10011084279
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
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
When countries of different sizes participate in a cooperative agreement, the potential gain from deviation determines the minimum power that each country requires in the common decision-making. This paper studies the problem in the context of a common currency, which requires coordination of...
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 …
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 Open Source community? This Paper shows that if innovations are cumulative, making an invention publicly available to a network of firms may be valuable if the firm expects to...
Persistent link: https://www.econbiz.de/10005666989