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We study the effect of group size on cooperation in voluntary contribution mechanism games. As in previous experiments … find that cooperation is highest of all in twoperson groups. The findings in the high MPCR condition are consistent with … those from n-person prisoner's dilemma and oligopoly experiments that suggest it is more difficult to sustain cooperation in …
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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...
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Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is …
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