Community boycotts can sustain cooperative trade as equilibrium without fixed trading partners.
Evidence
For 6 near enough to one - specifically if 6 2 Max[p/(l + p), (a - 1)/(1 + @)I (2) - the Adjusted Tit-for-Tat strategies are a subgame perfect equilibrium in the community trading game for any matching rule M. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 57
Categorization
- XREF: Connects directly to the reader’s Milgrom/North/Weingast private-judge analysis and Schelling credible-commitments framing. — connects to: Community ostracism alone may be insufficient to enforce trade judgments — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 37; Repeated trade with a high discount factor enables cooperative equilibria. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 47; Community reputational enforcement works even without repeated bilateral interaction between traders. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 65 (+10 more)
Related
- Community reputational enforcement works even without repeated bilateral interaction between traders. (similarity 0.84)
- Repeated trade with a high discount factor enables cooperative equilibria. (similarity 0.83)
- Frequent repeated interaction makes cooperative trade equilibria feasible, whereas infrequent trade does not. (similarity 0.82)
- Alternating indirect reciprocity with public goods sustains cooperation that would otherwise collapse. (similarity 0.80)
Broader Connections
- Boycotts discipline trade without requiring repeated personal dealings.
#corroborates(0.85) - Frequent repeated interaction makes cooperative trade equilibria feasible, whereas infrequent trade does not.
#qualifies(0.82) - A Law Merchant institution can sustain honest trade as an equilibrium
#expands(0.78) — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 95 - Cooperative equilibria are no likelier than noncooperative ones without belief restrictions
#qualifies(0.78) — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2804 - Cooperation can occur without trust when incentives align
#corroborates(0.78) - Cooperative market norms can be stable equilibria even amid free-rider incentives
#corroborates(0.75) — Lisa Bernestein, Opting out of the Legal System, 190 - Cohesive minority groups sustain commerce through shared law and reputation.
#corroborates(0.75) — Lisa Bernestein, Opting out of the Legal System, 182 - Withholding cooperation becomes power under high interdependence
#expands(0.75) - Small communities enforce generalized reciprocity rather than one-on-one exchange
#corroborates(0.72) — Russell Hardin, Trust and Trustworthiness, 821