Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, Till - 2022
's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material … payoffs on cooperation, focussing on one-shot PD games where efficiency requires mutual cooperation. Following Mengel (2018 … defectors and co-operators respectively, while an index of efficiency captures the gains from cooperation. We conduct two …