Sophistication and the persistence of cooperation
Article Abstract:
The phenomenon of cooperation among individuals to efficiently utilize profits in trade or joint ventures despite a predisposition to take advantage of their partners' readiness to cooperate has been explained by reciprocity. Individuals agree to cooperate since they anticipate the long term outcomes of their choices. Results show asymptotically stable equilibrium to benefit from cooperation, cautious cooperation, and defection.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Contingent social utility in the prisoners' dilemma
Article Abstract:
Research is presented concerning the theory that social utility is dependant on impressions of other people. Participants impressions of other players were manipulated and their own preferences measured in a prisoners' dilemma game.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Four formal(izable) theories of the firm?
Article Abstract:
A comparative study of the elemental versions of four theories of the firm is presented. An endeavor to bring together all the four theories in a consolidative framework is also made.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Growth and the effects of inflation. The sources of growth. Endogenous growth theory: an introduction
- Abstracts: Leadership style to withstand the test of time. An ear to the ground and one foot in the furrow. Caterpillar dedicates new facility
- Abstracts: Cross-sectional heterogeneity and the persistence of aggregate fluctuations. Fractional beta convergence
- Abstracts: A note on the 'invariance of market innovation to the number of firms.'. Great ratios and common cycles: do they exist for the UK?
- Abstracts: Coordination and learning with a partial language. All equilibria of the Vickery auction