reciprocity and inequity aversion are also drivers of network choices. No study so far has attempted to investigate the role of … dimensions of our identity (“homophily”). Lab studies of network formation games have found that adherence to social norms of … between his/her profile and the profile of the other player. At this point, a repeated network formation game ensues. We find …

Network reciprocity has been successfully put forward (since M. A. Nowak and R. May's, 1992, influential paper) as the … systems. The mechanism is actually the network, which makes agents' interactions localized, while network reciprocity is the … is replaced by the more rational best-response rule of strategy update. In social experiments, network reciprocity has …

–defense balance; appropriation and exchange theory, wherein appropriation undermines the security of exchange at the same time that … exchange shapes the incentives for appropriation; experiments in peace economics, most notably the path-breaking prisoner …

This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …-monetary exchange avoids this limitation and enhances trade by (1) generating liquidity and (2) by segmenting the market place into low …-demand and high-demand customers in a manner which is impossible with pure monetary exchange. We provide comparative statics …

buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves …