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• W2989586187 abstract "We study impersonal exchange and ask how agents can behave honestly in anonymous transactions without contracts. We analyze repeated anonymous random matching games, where agents observe only their own transactions. Little is known about cooperation in this setting beyond the prisoner's dilemma. We show that cooperation can be sustained quite generally, using community enforcement and “trust‐building.” The latter refers to an initial phase in which one community builds trust by not deviating despite a short‐run incentive to cheat; the other community reciprocates trust by not punishing deviations during this phase. Trust‐building is followed by cooperative play, sustained through community enforcement." @default.
• W2989586187 created "2019-12-05" @default.
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• W2989586187 date "2019-01-01" @default.
• W2989586187 modified "2023-09-26" @default.
• W2989586187 title "Enforcing social norms: Trust‐building and community enforcement" @default.
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• W2989586187 doi "https://doi.org/10.3982/te2404" @default.
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