کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5072806 | 1477083 | 2007 | 20 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Endogenous transfers in the Prisoner's Dilemma game: An experimental test of cooperation and coordination Endogenous transfers in the Prisoner's Dilemma game: An experimental test of cooperation and coordination](/preview/png/5072806.png)
We test a two-stage compensation mechanism for promoting cooperation in Prisoner's Dilemma games. Players first simultaneously choose binding non-negative amounts to pay their counterparts for cooperating, and then play the induced game knowing these amounts. In our games, all payment pairs consistent with mutual cooperation in subgame-perfect equilibrium transform these games into coordination games, with both mutual cooperation and mutual defection as Nash equilibria in the second stage. When endogenous transfer payments are not permitted, cooperation is much less likely. Mutual cooperation is most likely when the (sufficient) payments are identical, and it is also substantially more likely with payment pairs that bring the mutual-cooperation payoffs closer together. Both the Fehr-Schmidt and Charness-Rabin models predict that transfers that make final payoffs closer are preferred; however, they do not explain why equal transfers are particularly effective. Transfers are also effective in sustaining cooperation even when they are imposed and not chosen.
Journal: Games and Economic Behavior - Volume 60, Issue 2, August 2007, Pages 287-306