Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/194767
Authors: 
Kumakawa, Takehisa
Year of Publication: 
2018
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 6 [Year:] 2018 [Issue:] 1 [Pages:] 1-7
Abstract: 
This study experimentally investigates two possible reasons for cooperative investment decisions in common pool resource games with two players. One reason is strategic behavior: subjects, who are allowed to interact with their partners repeatedly, attempt to build a long-term relationship and elicit cooperation from their partners. Another reason is a sense of intimacy: as the pairings of subjects are fixed throughout the experiment, subjects develop a sense of intimacy with their partners and make decisions by considering their benefit. The results suggest that cooperative decisions can be explained almost solely by subjects' strategic behaviors; however, the hypothesis that a sense of intimacy governed cooperative investment was not supported.
Subjects: 
common pool resources
cooperation
strategic behavior
sense of intimacy
JEL: 
C72
C92
Q20
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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