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Camera, Gabriele, and
Marco Casari. 2009. "Cooperation among Strangers under the Shadow of the Future."
,
99(3): 979-1005.
Show Article Details
DOI: 10.1257/aer.99.3.979
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
employ strategies that are selective in punishment. (JEL C71, C73, D12, Z13)
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Authors:
Camera, Gabriele (U IA)
Casari, Marco (Purdue U and U Bologna)
JEL Classifications:
C71: Cooperative Games
C73: Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
D12: Consumer Economics: Empirical Analysis
Z13: Economic Sociology; Economic Anthropology
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