Cooperation and Wealth

Stark, Oded (October 2002) Cooperation and Wealth. Former Series > Working Paper Series > IHS Economics Series 123

[thumbnail of es-123.pdf]
Preview
Text
es-123.pdf

Download (63kB) | Preview

Abstract

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
Date Deposited: 26 Sep 2014 10:37
Last Modified: 19 Sep 2024 13:18
ISBN: 1605-7996
URI: https://irihs.ihs.ac.at/id/eprint/1458

Actions (login required)

View Item
View Item