Showing 1 - 10 of 99
Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is …
Persistent link: https://www.econbiz.de/10011584447
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always … identified as important determinants of institutional choice. Cooperation tends to be higher under endogenously chosen …
Persistent link: https://www.econbiz.de/10012010446
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always … identified as important determinants of institutional choice. Cooperation tends to be higher under endogenously chosen …
Persistent link: https://www.econbiz.de/10012010646
Persistent link: https://www.econbiz.de/10011758565
Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary equilibrium cannot generally be sustained when monitoring and punishment...
Persistent link: https://www.econbiz.de/10010226612
According to the Framework Convention on Climate Change, global collective action is needed to stabilize "greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system." The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010229864
We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate irrespective of punishment and therefore have a lower demand for a costly punishment institution than groups of like-minded free riders, who are unable to cooperate without...
Persistent link: https://www.econbiz.de/10012542999
Ostracism is practiced by virtually all societies around the world as a means of enforcing cooperation and excluding … contributors are excluded but also because high contributors sustain a higher cooperation level under the exclusion institution …
Persistent link: https://www.econbiz.de/10011992304
Persistent link: https://www.econbiz.de/10012207476
We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate irrespective of punishment and therefore have a lower demand for a costly punishment institution than groups of like-minded free riders, who are unable to cooperate without...
Persistent link: https://www.econbiz.de/10013337734