We study the emergence of norms of cooperation in experimental economies populated by strangers interacting indefinitely. Can these economies achieve full efficiency even without formal enforcement institutions? Which institutions for monitoring and enforcement facilitate cooperation? Finally, what classes of strategies do subjects employ? We find that, first, cooperation can be sustained even in anonymous settings; second, some type of monitoring and punishment institutions significantly promote cooperation; and, third, subjects mostly emply strategies that are selective in punishment.

Cooperation among strangers under the shadow of the future / CAMERA G.; CASARI M.. - In: THE AMERICAN ECONOMIC REVIEW. - ISSN 0002-8282. - STAMPA. - 99, 3:(2009), pp. 979-1005.

Cooperation among strangers under the shadow of the future

CAMERA, GABRIELE;CASARI, MARCO
2009

Abstract

We study the emergence of norms of cooperation in experimental economies populated by strangers interacting indefinitely. Can these economies achieve full efficiency even without formal enforcement institutions? Which institutions for monitoring and enforcement facilitate cooperation? Finally, what classes of strategies do subjects employ? We find that, first, cooperation can be sustained even in anonymous settings; second, some type of monitoring and punishment institutions significantly promote cooperation; and, third, subjects mostly emply strategies that are selective in punishment.
2009
Cooperation among strangers under the shadow of the future / CAMERA G.; CASARI M.. - In: THE AMERICAN ECONOMIC REVIEW. - ISSN 0002-8282. - STAMPA. - 99, 3:(2009), pp. 979-1005.
CAMERA G.; CASARI M.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/73448
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