Fosco, Constanza; Mengel, Friederike - In: Journal of Economic Dynamics and Control 35 (2011) 5, pp. 641-658
We study the coevolution of networks and action choices in a Prisoners' Dilemma. Agents in our model learn about both action choices and choices of interaction partners (links) by imitating successful behavior of others. The resulting dynamics yields outcomes where both cooperators and defectors...