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strategies which support cooperation in one group only. These last strategies have the property that cheating on the agreement in … the cooperative group is followed by non-cooperation in this group and cooperation in the rival group. The main conclusion … is that the set of parameters for which cooperation can be sustained within the larger group as a subgame perfect outcome …
Persistent link: https://www.econbiz.de/10011049667
Most legislatures require the consent of only a simple majority to pass a proposal, so why donʼt legislative outcomes favor only a bare majority? We show that compromise can be achieved if legislators are neither too impatient nor too patient, and initial allocations are “not too unequal”....
Persistent link: https://www.econbiz.de/10011049693
In a multi-stage contest known as a two-player race, players display two fundamental behaviors: (1) the laggard will make a last stand in order to avoid the cost of losing; and (2) the player who is ahead will defend his lead if it is threatened. Last stand behavior, in particular, contrasts...
Persistent link: https://www.econbiz.de/10010931187
This paper studies the evolution of peoplesʼ models of how other people think – their theories of mind. This is …
Persistent link: https://www.econbiz.de/10011049877
the partnership entered the cooperation phase. We show that such reference letters can be voluntarily provided by the …
Persistent link: https://www.econbiz.de/10011049765
-known result in such setting is that under random matching cooperation vanishes for any interior initial condition. The novelty of … mechanism makes cooperation the unique outcome in the long run. Furthermore, we show that if imitation happens infrequently …
Persistent link: https://www.econbiz.de/10011049880
controlling for a subjectʼs past earnings. Punishment strategies are generally softer and more graduated than implied by a grim …
Persistent link: https://www.econbiz.de/10011049890
In dealing with peer punishment as a cooperation enforcement device, laboratory studies have typically concentrated on … test for this ‘legitimate punishment’ institution and show that it yields substantial benefits to cooperation and … cooperation rates and earnings. This interaction result implies that providing feedback over virtuous behavior in the group is …
Persistent link: https://www.econbiz.de/10011049898
contribution rules related to efficiency, equality, and equity. In the experiment, in the absence of punishment no positive … contribution norm is observed and all groups converge towards free-riding. With punishment, strong and stable differences in …
Persistent link: https://www.econbiz.de/10010603338
equilibrium; they serve as punishments should deviations occur. It does not require whether a punishment can be justified for the … punishment is justifiable if either the deviation is bad to the other player or the continuation itself is good to the other …
Persistent link: https://www.econbiz.de/10011117126