Cooperation and Wealth

Stark, Oded (October 2002) Cooperation and Wealth. IHS Economics Series 123

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Abstract: We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, andcooperators are able to perfectly find out the type of a partner to a game by incurring a recognition cost. We show that the equilibrium fraction of cooperators relates negatively to the population's level of wealth.;

Item Type: IHS Series
Keywords: 'Equilibrium fraction of cooperators' 'Population's level of wealth' 'Single-shot prisoner's dilemma game'
Classification Codes (e.g. JEL): A13, C70
Status: Published
Date Deposited: 26 Sep 2014 10:37
Last Modified: 26 Jul 2017 08:20
URI: http://irihs.ihs.ac.at/id/eprint/1458

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