Making Deals with Peppe
نویسنده
چکیده
This paper considers transactions involving Prisoners’ Dilemmas with an outside option. In the unique subgame perfect equilibrium of the game no interaction takes place. Since there is no official legal system of contract enforcement cooperation cannot be obtained. Intermediation offers adequate information and/or enforcement to crowd out defectors and to yield social optimality. An experiment provides evidence for a significant increase of market activity and cooperation due to the existence of private intermediation. Without the supply of enforcement services, however, the social gains of private intermediation are comparably low. JEL Classifications: C90
منابع مشابه
Megafloral change in the early and middle Paleocene in the Williston Basin, North Dakota, USA
متن کامل
Hydrotelluration of aminoalkynes.
Metal tellurolates (M = B3+; BuTeTeBu/NaBH4/EtOH; Li3+, Te0/BuLi/THF; In3+, BuTeTeBu/InI/EtOH) react with aminoalkynes to produce vinylic tellurides containing amino groups; the regio-, and stereo-chemistry of the hydrotelluration reaction depend on the metallic counter ion and on the nature of the amino group substituent.
متن کاملExperimental Study of the Cutting Parameters Effect on Hole Making Processes in Hardened Steel
Hardened steels are commonly used in wide areas of technologies and industries. In respect of poor machinability of these steels and requirement of expensive cutting tools, study of machining economy is a matter of importance. Thus the present study deals with the economic considerations of various hole making processes. For this purpose, the hard steel samples were machined by conventional dri...
متن کاملQuality function deployment: Integrating comprehensive matrix and SWOT analysis for effective decision making
In this ever-changing business scenario, the manufacturing product industries have to be in position to rec-ognize the ever changing pulse and demands of the market. Customer satisfaction and quality management has become a strategic issue for companies in the new millennium. Quality Function Deployment (QFD) lit-erature suggests that building up the House of Quality (HoQ) is not a difficult ta...
متن کاملتبیین رابطه بین هوش عاطفی و سبک تصمیم گیری مدیران
This study deals with clarification of the relationship between Emotional Intelligence (EI) and decision making styles (rational, intuitive, dependant, spontaneous and avoidant) in N.I.O.P.D.C‘s managers. A collection of 55 managers were tested. Emotional intelligence was measured by Sheering’s EI questionnaire, and Scott and Bruce’s decision making style questionnaire was used for identifying ...
متن کامل