Asymmetric Social Norms
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Datum
2017-01-10
Autor
Camera, Gabriele
Gioffré, Alessandro
SAFE No.
162
Metadata
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Zusammenfassung
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 occasional defections are part of efficient play, and show how to support those outcomes through contagious punishments.
Forschungsbereich
Macro Finance
Schlagworte
cooperation, repeated games, social dilemmas
JEL-Klassifizierung
C6, C7
Thema
Corporate Governance
Monetary Policy
Investor Behaviour
Monetary Policy
Investor Behaviour
Beziehungen
1
Publikationstyp
Working Paper
Link zur Publikation
Collections
- LIF-SAFE Working Papers [334]