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Persistent link: https://www.econbiz.de/10000970237
In this paper we take up a model of Okada (1996) to describe the possibility of collective cooperation in a n-person Prisoner's Dilemma game by means of institutional arrangements. In addition, we introduce the possibility to corrupt the institutional authority by paying him some positive...
Persistent link: https://www.econbiz.de/10009699983