In particular, can a general hypothesis be developed about parallel issues and the credibility of monetary commitments?
Similarly, membership in organizations with mechanisms for conflict resolution enhances the credibility of commitments and therefore reduces the duration of rivalry.
In the latter case, the credibility of the government's commitment to low inflation will deter union militancy and increase employer resolve.
Signals therefore effectively communicate information about the signaling party's credibility.
Agents' genuine signals of credibility to one another interact with and become indistinguishable from the artificial signals generated by the new institutions.
Under these conditions an individual's allegiance to the community leader could not effectively signal information regarding his credibility.
Only cooperators will adopt this degree of homogeneity, so this signal can be used successfully to determine a sender's credibility.
Under a system of voluntary disclosure, the non-credibility of a statement of ignorance creates the incentive to acquire and disclose genetic test results.
