Showing 1 - 10 of 469
punishment costs. The negative effect of altruism on cooperation and material payoffs is greater the stronger is the reciprocity … embodying both reciprocity and altruism we show that unconditional altruism towards other members attenuates the punishment … additive. But this need not be the case. Behavioral experiments find that if reciprocity-minded subjects feel hostility towards …
Persistent link: https://www.econbiz.de/10010287831
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10011282463
We analyze a cooperation game in an evolutionary environment. Agents make noisy observations of opponents' propensity … two agents agree to play. Pareto optimal cooperation is evolutionarily stable when reputation perfectly reflects … propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for reputation …
Persistent link: https://www.econbiz.de/10013208494
higher the levels of cooperation. We compare the behavior from these in finitely repeated games with behavior from finitely … repeated games of the same expected length and we find that there is more cooperation in the in finitely repeated games …
Persistent link: https://www.econbiz.de/10010318999
This paper is to provide a theoretical foundation of incomplete contract in an extensive game of multi-agent interaction. It aims to explain why rational agents may agree upon incomplete contracts even though it is costless to sign a complete one. It is argued that an incomplete contract creates...
Persistent link: https://www.econbiz.de/10011132894
In the real world, when people play games, they often receive advice from those that have played it before them. Such advice can facilitate the creation of a convention of behavior. This paper studies the impact of advice on the behavior subjects who engage in a non-overlapping generational...
Persistent link: https://www.econbiz.de/10010334253
This is a paper on the creation and evolution of conventions of behavior in 'inter-generational games'. In these games a sequence of non-overlapping 'generations' of players play a stage game for a finite number of periods and are then replaced by other agents who continue the game in their role...
Persistent link: https://www.econbiz.de/10010334260
social norm of high cooperation. This norm appears to guide subjects' cooperation and punishment choices, including the … that avoid these costs and whether other, more centralized, punishment systems are superior and will be preferred by the … people. Here, we show that efficient peer sanctioning without much need for costly punishment emerges quickly if we introduce …
Persistent link: https://www.econbiz.de/10011784301
taxation. In addition, we find that local social interaction among subgroups of participants also boosts cooperation. …
Persistent link: https://www.econbiz.de/10012385442