Journal article
Can the shadow of the future harm cooperation?
Journal of economic behavior & organization, v 29(3), pp 355-372
01 May 1996
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
It is generally thought that in long-term relationships high valuations of the future are conducive to cooperation. In an intertemporal model of conflict, however, we demonstrate the possibility of the opposite effect: a longer shadow of the future may harm cooperation. In particular, we show that the degree of inefficiency is positively related to: (i) the agents' valuation of the future, (ii) potential growth rates in resources, (iii) the size of initial resource endowments, and (iv) the effectiveness of conflict.
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Details
- Title
- Can the shadow of the future harm cooperation?
- Creators
- Stergios Skaperdas - University of California, IrvineConstantinos Syropoulos - Pennsylvania State University
- Publication Details
- Journal of economic behavior & organization, v 29(3), pp 355-372
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:A1996UR43100001
- Scopus ID
- 2-s2.0-0030147173
- Other Identifier
- 991021807012804721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics