books

Asymmetric Social Norms

Economics Letters, Vol. 152, pp. 27–30

Authors:
Gabriele Camera,
Alessandro Gioffré
Research Area:
Money and Finance
Date:
Mar 2017
Keywords:
cooperation, repeated games, social dilemmas
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.

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