Matches in SemOpenAlex for { <https://semopenalex.org/work/W2132852034> ?p ?o ?g. }
Showing items 1 to 96 of
96
with 100 items per page.
- W2132852034 abstract "How is cooperation without immediate reciprocity sustained in a long term relationship? We study the case of two players in continuous time who have privately observable opportunities to provide favors, and where the arrival of these opportunities is a Poisson process. Favors provided by a player give her an entitlement to future favors from her partner. As opposed to a chips mechanism where the rate of exchange of favors is one, we allow for two features: first, for the rate of exchange to depend on current entitlements, and second, for the possibility of depreciation or appreciation of entitlements. We show that these two features allow for considerably higher payoffs. We characterize and solve for the Pareto frontier of Public Perfect Equilibria (PPE) and show that it is self-generating. This guarantees that the equilibrium is renegotiation proof. We also find that optimal PPE have two key characteristics: 1) the relative price of favors decreases with a player's entitlement and 2) the disadvantaged player's utility increases over time during periods of no trade, so in the optimal equilibria there is forgiveness." @default.
- W2132852034 created "2016-06-24" @default.
- W2132852034 creator A5037963985 @default.
- W2132852034 date "2005-01-01" @default.
- W2132852034 modified "2023-09-22" @default.
- W2132852034 title "Trading favors: optimal exchange and forgiveness." @default.
- W2132852034 cites W1481560811 @default.
- W2132852034 cites W1501591311 @default.
- W2132852034 cites W1556267561 @default.
- W2132852034 cites W1735841145 @default.
- W2132852034 cites W1780438474 @default.
- W2132852034 cites W1967657957 @default.
- W2132852034 cites W1972105034 @default.
- W2132852034 cites W1986454804 @default.
- W2132852034 cites W1989442752 @default.
- W2132852034 cites W2053564429 @default.
- W2132852034 cites W2056603690 @default.
- W2132852034 cites W2063487923 @default.
- W2132852034 cites W2100037494 @default.
- W2132852034 cites W2100718841 @default.
- W2132852034 cites W2121068993 @default.
- W2132852034 cites W2138757993 @default.
- W2132852034 cites W2156763099 @default.
- W2132852034 cites W2162070285 @default.
- W2132852034 cites W2170281352 @default.
- W2132852034 cites W2171879706 @default.
- W2132852034 cites W3122478073 @default.
- W2132852034 cites W3122636373 @default.
- W2132852034 cites W3123091046 @default.
- W2132852034 hasPublicationYear "2005" @default.
- W2132852034 type Work @default.
- W2132852034 sameAs 2132852034 @default.
- W2132852034 citedByCount "9" @default.
- W2132852034 countsByYear W21328520342012 @default.
- W2132852034 countsByYear W21328520342013 @default.
- W2132852034 countsByYear W21328520342015 @default.
- W2132852034 countsByYear W21328520342018 @default.
- W2132852034 crossrefType "posted-content" @default.
- W2132852034 hasAuthorship W2132852034A5037963985 @default.
- W2132852034 hasConcept C137635306 @default.
- W2132852034 hasConcept C154945302 @default.
- W2132852034 hasConcept C15744967 @default.
- W2132852034 hasConcept C162324750 @default.
- W2132852034 hasConcept C169903001 @default.
- W2132852034 hasConcept C175444787 @default.
- W2132852034 hasConcept C181622380 @default.
- W2132852034 hasConcept C21547014 @default.
- W2132852034 hasConcept C41008148 @default.
- W2132852034 hasConcept C44750222 @default.
- W2132852034 hasConcept C58202505 @default.
- W2132852034 hasConcept C70437156 @default.
- W2132852034 hasConcept C77805123 @default.
- W2132852034 hasConcept C94982200 @default.
- W2132852034 hasConcept C95383336 @default.
- W2132852034 hasConceptScore W2132852034C137635306 @default.
- W2132852034 hasConceptScore W2132852034C154945302 @default.
- W2132852034 hasConceptScore W2132852034C15744967 @default.
- W2132852034 hasConceptScore W2132852034C162324750 @default.
- W2132852034 hasConceptScore W2132852034C169903001 @default.
- W2132852034 hasConceptScore W2132852034C175444787 @default.
- W2132852034 hasConceptScore W2132852034C181622380 @default.
- W2132852034 hasConceptScore W2132852034C21547014 @default.
- W2132852034 hasConceptScore W2132852034C41008148 @default.
- W2132852034 hasConceptScore W2132852034C44750222 @default.
- W2132852034 hasConceptScore W2132852034C58202505 @default.
- W2132852034 hasConceptScore W2132852034C70437156 @default.
- W2132852034 hasConceptScore W2132852034C77805123 @default.
- W2132852034 hasConceptScore W2132852034C94982200 @default.
- W2132852034 hasConceptScore W2132852034C95383336 @default.
- W2132852034 hasLocation W21328520341 @default.
- W2132852034 hasOpenAccess W2132852034 @default.
- W2132852034 hasPrimaryLocation W21328520341 @default.
- W2132852034 hasRelatedWork W1888374024 @default.
- W2132852034 hasRelatedWork W1903896078 @default.
- W2132852034 hasRelatedWork W1967657957 @default.
- W2132852034 hasRelatedWork W2048201329 @default.
- W2132852034 hasRelatedWork W2056700716 @default.
- W2132852034 hasRelatedWork W2248131583 @default.
- W2132852034 hasRelatedWork W2283598027 @default.
- W2132852034 hasRelatedWork W2307840610 @default.
- W2132852034 hasRelatedWork W2901955481 @default.
- W2132852034 hasRelatedWork W3015123655 @default.
- W2132852034 hasRelatedWork W3123119684 @default.
- W2132852034 hasRelatedWork W3123779031 @default.
- W2132852034 hasRelatedWork W3124105862 @default.
- W2132852034 hasRelatedWork W3125272178 @default.
- W2132852034 hasRelatedWork W3125548442 @default.
- W2132852034 hasRelatedWork W3125668768 @default.
- W2132852034 hasRelatedWork W3140058813 @default.
- W2132852034 hasRelatedWork W3196521262 @default.
- W2132852034 hasRelatedWork W3200314507 @default.
- W2132852034 hasRelatedWork W2182075450 @default.
- W2132852034 isParatext "false" @default.
- W2132852034 isRetracted "false" @default.
- W2132852034 magId "2132852034" @default.
- W2132852034 workType "article" @default.