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Waiting to Cooperate?

  • Kaplan, Todd
  • Ruffle, Bradley
  • Shtudiner, Zeev

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.

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File URL: http://mpra.ub.uni-muenchen.de/50096/1/MPRA_paper_50096.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 50096.

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Date of creation: 22 Sep 2013
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Handle: RePEc:pra:mprapa:50096
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  1. Gul, Faruk & Lundholm, Russell, 1995. "Endogenous Timing and the Clustering of Agents' Decisions," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 1039-66, October.
  2. Kaplan, Todd & Ruffle, Bradley, . "Which Way to Cooperate," Working Papers WP2011/5, University of Haifa, Department of Economics, revised 04 Oct 2011.
  3. Huck, Steffen & Muller, Wieland & Normann, Hans-Theo, 2001. "Stackelberg Beats Cournot: On Collusion and Efficiency in Experimental Markets," Economic Journal, Royal Economic Society, vol. 111(474), pages 749-65, October.
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  7. Gale, D. & Chamley, C., 1992. "Information Revelation and Strategic Delay in a Model of Investment," Papers 10, Boston University - Department of Economics.
  8. Timothy Cason & Sau-Him Lau & Vai-Lam Mui, 2013. "Learning, teaching, and turn taking in the repeated assignment game," Economic Theory, Springer, vol. 54(2), pages 335-357, October.
  9. Potters, J.J.M. & Sefton, M. & Vesterlund, L., 2005. "After you - endogenous sequencing in voluntary contribution games," Other publications TiSEM db491f52-df7b-43dd-ab2b-7, School of Economics and Management.
  10. Anthony Ziegelmeyer & Kene Boun My & Jean-Christophe Vergnaud & Marc Willinger, 2006. "Strategic Delay and Rational Imitation in the Laboratory," Papers on Strategic Interaction 2005-35, Max Planck Institute of Economics, Strategic Interaction Group.
  11. repec:ner:tilbur:urn:nbn:nl:ui:12-171671 is not listed on IDEAS
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