作者:McAdams, David
作者单位:Duke University
摘要:Suppose that players in a stochastic partnership have the option to quit and rematch anonymously. If stage-game payoffs are subject to a persistent initial shock, the (unique) social welfare-maximizing equilibrium induces a dating process in which all partners enjoy the full potential equilibrium gains from each match. By contrast, maximizing social welfare in non-stochastic repeated games with rematching requires that players burn money or otherwise fail to realize all potential equilibrium g...
作者:Fershtman, Chaim; Gneezy, Uri; Hoffman, Moshe
作者单位:Tel Aviv University; University of California System; University of California San Diego
摘要:A taboo is an unthinkable action. Even the thought of violating a taboo triggers a punishment. We consider a model in which taboos are part of the definition of one's identity. Deliberating over breaking the taboo changes the individual's choice set, and provides information on possible private benefits. The strength of the taboo is determined by the number of individuals that obey it. We analyze the relationship between social heterogeneity and taboos' strength. We then examine societies in w...