Inefficient Cooperation Under Stochastic and Strategic Uncertainty
نویسندگان
چکیده
Stochastic uncertainty can cause coordination problems that may hinder mutually beneficial cooperation. We propose a mechanism of ex-post voluntary transfers designed to circumvent these and ask whether it increase efficiency. To test this transfer mechanism, we implement controlled laboratory experiment based on repeated Ultimatum Game with stochastic endowment. Contrary our hypothesis, find allowing does not lead an efficiency increase. suggest analyze two major reasons for failure: first, forces proposers intending cooperate accept high strategic uncertainty, which many avoid; second, responders behave only incompletely conditionally cooperatively, hinders cooperation in future periods. JEL-Classification: C78, C92, D74
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ژورنال
عنوان ژورنال: Journal of Conflict Resolution
سال: 2022
ISSN: ['0022-0027', '1552-8766']
DOI: https://doi.org/10.1177/00220027211066614