cooperation

It Pays to Be Nice: The Benefits of Cooperating in Markets

This paper contributes to the experimental literature by examining the causal effect of partner choice opportunities on the earnings of different cooperative types. Drawing on insights from the Indirect Evolutionary Approach and Adam Smith’s …

Mutual choice of partner and communication in a repeated prisoner's dilemma

In this paper, we show experimentally that partner choice by mutual consent has a strong positive effect on cooperation.