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Replication data for: Partners or Strangers? Cooperation, Monetary Trade, and the Choice of Scale of Interaction

Version
1
Resource Type
Dataset
Creator
  • Bigoni, Maria
  • Camera, Gabriele
  • Casari, Marco
Publication Date
2019-05-01
Description
  • Abstract

    We show that monetary exchange facilitates the transition from small to large-scale economic interactions. In an experiment, subjects chose to play an "intertemporal cooperation game" either in partnerships or in groups of strangers where payoffs could be higher. Theoretically, a norm of mutual support is sufficient to maximize efficiency through large-scale cooperation. Empirically, absent a monetary system, participants were reluctant to interact on a large scale; and when they did, efficiency plummeted compared to partnerships because cooperation collapsed. This failure was reversed only when a stable monetary system endogenously emerged: the institution of money mitigated strategic uncertainty problems.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mic.20170280 (Text)
Publications
  • Bigoni, Maria, Gabriele Camera, and Marco Casari. “Partners or Strangers? Cooperation, Monetary Trade, and the Choice of Scale of Interaction.” American Economic Journal: Microeconomics 11, no. 2 (May 2019): 195–227. https://doi.org/10.1257/mic.20170280.
    • ID: 10.1257/mic.20170280 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Bigoni, Maria; Camera, Gabriele; Casari, Marco (2019): Replication data for: Partners or Strangers? Cooperation, Monetary Trade, and the Choice of Scale of Interaction. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114371V1