Arbeitspapier
Long-term commitment and cooperation
We study how the willingness to enter long-term bilateral relationships affects cooperation even when parties have little information about each other, ex ante, and cooperation is otherwise unenforceable. We experimentally investigate a finitely-repeated Prisoner's Dilemma, allowing players to endogenously select interaction durations. Consistent with prior research, longer interactions facilitate cooperation. However, many individuals avoid long-term commitment, with uncooperative types less likely to commit than conditional cooperators. Endogenously chosen long-term commitment yields higher cooperation rates (98% in one condition) than exogenously imposed commitment. Thus, the willingness to enter into long-term relationships provides a means for fostering - and screening for - efficient cooperation.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 130
- Klassifikation
-
Wirtschaft
Noncooperative Games
Design of Experiments: Laboratory, Group Behavior
- Thema
-
Repeated games
cooperation
voluntary commitment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schneider, Frédéric
Weber, Roberto A.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Department of Economics
- (wo)
-
Zurich
- (wann)
-
2013
- DOI
-
doi:10.5167/uzh-81435
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schneider, Frédéric
- Weber, Roberto A.
- University of Zurich, Department of Economics
Entstanden
- 2013
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