HIGHLIGHTS
- who: Ulrich Berger and Hannelore De Silva from the Department of Economics, Vienna University of Economics and Business, Vienna, Austria, Institute for have published the article: Evolution of deterrence with costly reputation information, in the Journal: PLOS ONE of June/15,/2021
- what: Modern societies have established a multitude of institutions such as laws, police forces, and prisons with the main purpose of providing incentives against committing hostile acts against others. The authors show analytically that the fate of a population interacting in the deterrence game depends strongly on the economic microfoundations of reputation. Theorists . . .
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