Building Routines: Learning, Cooperation, and the Dynamics of Incomplete Relational Contracts
نویسندگان
چکیده
منابع مشابه
Building Routines: Learning, Cooperation and the Dynamics of Incomplete Relational Contracts
This paper studies how agents learn to cooperate when the details of what cooperation means are not common knowledge. It considers a repeated game in which one of the players has incomplete information about when and how she should expect her partner to cooperate. Initially, monitoring is imperfect and cooperation can be sustained only at the cost of inefficient punishment. However, as the play...
متن کاملCooperation and Mistrust in Relational Contracts
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by incomplete information about the costs of providing quality, affect relational contracts in buyer-seller r...
متن کاملformation and evolution of regional organizations: the case study of the economic cooperation organization (eco)
abstract because of the many geopolitical, geo economical and geo strategically potentials and communicational capabilities of eco region, members can expand the convergence and the integration in base of this organization that have important impact on members development and expanding peace in international and regional level. based on quality analyzing of library findings and experts interv...
15 صفحه اولthe effect of explicit teaching of metacognitive vocabulary learning strategies on recall and retention of idioms
چکیده ندارد.
15 صفحه اولEnforcement, Incomplete Contracts, and Firm Dynamics
This paper studies the relation between firm size, leverage, exit and growth in an environment of incomplete markets and lack of enforcement. In the data large firms have lower growth and exit rates yet higher leverage. The idea of the paper is that high productivity firms will be larger and have a greater degree of enforcement because their outside option relative to the value of their product...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Review
سال: 2010
ISSN: 0002-8282
DOI: 10.1257/aer.100.1.448