Showing 1 - 10 of 124
social benefits are highly important. They facilitate convergence to equilibrium networks and enhance the stability and … which the core contributes more than expected in the stage-game equilibrium. We show that this result is predicted by a … repeated game equilibrium. …
Persistent link: https://www.econbiz.de/10011256512
robust features of equilibrium networks. We find that in a society with many groups, where it is cheaper to connect within …
Persistent link: https://www.econbiz.de/10011256954
This discussion paper resulted in a publication in the <I>International Game Theory Review</I> (2007). Vol. 9(4), pp. 599-635.<P> It is widely recognized that the shape of networks influences both individual and aggregate behavior. This raises the question which types of networks are likely to arise. Our...</p></i>
Persistent link: https://www.econbiz.de/10011257392
</I>.<P> This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small decay …
Persistent link: https://www.econbiz.de/10011256446
This discussion paper resulted in a publication in the <I>Journal of Economic Behavior & Organization</I> (2008), volume 66, pages 243-250.<P> We study fairness and reciprocity in a Hawk-Dove game. This alllows us to testvarious models in one framework. We observe a large extent of selfish and...</p></i>
Persistent link: https://www.econbiz.de/10011256827
The effects of stake size on cooperation and punishment are investigated using a public goods experiment. We find that an increase in stake size does neither significantly affect cooperation nor, interestingly, the level of punishment.
Persistent link: https://www.econbiz.de/10011257415
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10011255768
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011255864
This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0014292111000912">'European Economic Review'</A>, 56(2) 216-32.<P>This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic...</p></a>
Persistent link: https://www.econbiz.de/10011256796
This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...
Persistent link: https://www.econbiz.de/10011256890