Auflistung nach JEL-Klassifizierung "C7"
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Asymmetric Social Norms
(2017-01-10)Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is efficient and any defection is collectively sanctioned. Here we study heterogeneous economies where ... -
Game-Theoretic Foundations of Monetary Equilibrium
(2013-09-30)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 ...