Asymmetric Social Norms
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Date
2017-01-10
Author
Camera, Gabriele
Gioffré, Alessandro
SAFE No.
162
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Abstract
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.
Research Area
Macro Finance
Keywords
cooperation, repeated games, social dilemmas
JEL Classification
C6, C7
Topic
Corporate Governance
Monetary Policy
Investor Behaviour
Monetary Policy
Investor Behaviour
Relations
1
Publication Type
Working Paper
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- LIF-SAFE Working Papers [334]