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- W3147515709 abstract "Case studies of cartels and recent theory suggest that communication promotes cooperation under imperfect monitoring, where actions can only be observed with noise. We report the results of a laboratory experiment designed to answer the question how much communication is needed to sustain cooperation. We find that pre-play communication reduces strategic uncertainty, which boosts cooperation at the beginning of an interaction. Under perfect monitoring, this is sufficient to reach a high and stable cooperation rate. However, repeated communication is necessary to maintain a high level of cooperation under imperfect monitoring, where players face additional uncertainty about the history of play." @default.
- W3147515709 created "2021-04-13" @default.
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- W3147515709 date "2017-01-01" @default.
- W3147515709 modified "2023-09-26" @default.
- W3147515709 title "Negotiating Cooperation Under Uncertainty: Communication in Noisy, Indefinitely Repeated Interactions" @default.
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- W3147515709 doi "https://doi.org/10.2139/ssrn.2986445" @default.
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