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