Abstracts » Economics

Indenturing banknotes as a mechanism to induce cooperation in conflict games

Article Abstract:

A class of one-shot games, also called indenture games, was evaluated to understand the role of indentured banknotes in conflict games. Under an indenture game with a principal refusing the outside option, the detection of principal's preferred strategy is expected for an agent having half of the torn banknote. Cooperating with the principal's action is advised for an agent who prefer to accept the second half of the banknote.

Economics, Research and Development in the Social Sciences and Humanities, Models, Economic aspects, Game theory, Bank notes

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Indenture: a viable contract for a sequential one-shot Prisoners' Dilemma: a reply to Holt

Article Abstract:

Research proposing a mechanism to bring about cooperation between a principal and an agent if service and payment are not exchanged simultaneously is discussed. If the transaction structure is robust, then the cooperative solution is viable.

Indentured servants

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Indenture: an institution for a credible commitment without extortion

Article Abstract:

A response to the criticism made by Gerhard Holt of the indenture game which was developed by A. Kritikos and F. Bolle is presented. The rejection of the criticism is discussed.

Organizational Methods NEC, Associations, institutions, etc., Associations, Criticism and interpretation, Organizational change, Trust indentures

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