A Mechanism for Inducing Cooperation in Non-Cooperative Environments: Theory and Applications

We construct a market based mechanism that induces players in a non-cooperative game to make the same choices as characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions and illustrate this claim using the problems of "The Tragedy of the Commons" and "R&D Spillovers in Duopoly".

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Year of publication:	2000-02-01
Authors:	Ellis, Christopher J. ; Nouweland, Anne van den
Institutions:	Department of Economics, University of Oregon
Subject:	Cooperation \| Externalities \| Spillovers \| Efficiency

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Extent:	application/pdf
Series:	University of Oregon Economics Department Working Papers.
Type of publication:	Book / Working Paper
Notes:	2 pages long
Classification:	C72 - Noncooperative Games ; D62 - Externalities ; H40 - Publicly Provided Goods. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593740