Rules with discretion and local information

DOI10.1093/QJE/QJT013MaRDI QIDQ4963003zbMATH OpenOpenAlexFDO

Authors T. Renee Bowen, David M. Kreps, Andrzej Skrzypacz

Publication date 6 November 2018

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1093/qje/qjt013

zbMATH Keywords

information sharingcommunity enforcementrules-versus-discretion dilemma

Mathematics Subject Classification ID

Social choice (91B14) Multistage and repeated games (91A20) Signaling and communication in game theory (91A28)

Recommendations

• Social Norms and Community Enforcement
• Community enforcement of trust with bounded memory
• Community enforcement using modal actions
• The Optimal Amount of Discretion to Allow in Disclosure
• Community enforcement when players observe partners' past play

Cited in

(2)

• Federal mandates with local agenda setters
• Even up: maintaining relationships

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