Cooperation and Wealth

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, and cooperators 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.

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Year of publication:	2002-10
Authors:	Stark, Oded
Institutions:	Department of Economics and Finance Research and Teaching, Institut für Höhere Studien (IHS)
Subject:	Equilibrium fraction of cooperators \| Population's level of wealth \| Single-shot prisoner's dilemma game

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Extent:	application/pdf
Series:	Economics Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 123 10 pages
Classification:	A13 - Relation of Economics to Social Values ; C70 - Game Theory and Bargaining Theory. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005247725