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This paper offers a new and robust model of the emergence and persistence of cooperation. In the model, interactions …. The cooperation problem is modeled as a game similar to Prisoner's Dilemma, but there is an outside option of … nonparticipation and the payoff to mutual cooperation is stochastic; with positive probability, this payoff exceeds that from cheating …
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Biographical note: Johannes Blome-Drees ist Lecturer am Seminar für Genossenschaftswesen der Universität zu Köln. Philipp Degens, Dr. rer. pol., ist wissenschaftlicher Mitarbeiter an der DFG-Kolleg-Forschungsgruppe »Zukünfte der Nachhaltigkeit«. Dr. Burghard Flieger, promovierter...
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-monitoring activity and reciprocity motivations to the formal model of effort provision in cooperatives. It turns out that the cooperative …
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