Waiting to Cooperate?
Todd Kaplan,
Bradley Ruffle and
Zeev Shtudiner
MPRA Paper from University Library of Munich, Germany
Abstract:
Sometimes cooperation between two parties requires exactly one to cede to the other. If the decisions whether to cede are made simultaneously, then neither or both may acquiesce leading to an inefficient outcome. However, inefficiency may be avoided if a party can wait to see what the other does. We experimentally test whether adding a waiting option to such a two-player cooperation game enhances cooperation. Although subjects cede less overall with the waiting option, we show that they coordinate more and consequently achieve higher profits. Yet, a dark side overhangs waiting: the least cooperative pairs do worse with this option. They wait not to facilitate coordination but to disguise their entry.
Keywords: cooperation; endogenous timing; social dilemmas (search for similar items in EconPapers)
JEL-codes: C9 Z13 (search for similar items in EconPapers)
Date: 2013-09-22
New Economics Papers: this item is included in nep-evo, nep-exp, nep-hpe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/50096/1/MPRA_paper_50096.pdf original version (application/pdf)
Related works:
Working Paper: WAITING TO COOPERATE? (2013) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:50096
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().