Showing 1 - 10 of 16,179
communicate with one another. In this model, game theory predicts that individuals jointly using a commons will overharvest …Problems of the commons exist in a wide variety of settings ranging in size and complexity from the family (e.g., the … household budget and the kitchen sink) to the global scale (e.g., loss of biodiversity and global warming). Game theory is a …
Persistent link: https://www.econbiz.de/10014212719
Persistent link: https://www.econbiz.de/10003898579
This paper analyzes the dynamic stability of moral codes in a two population trust game. Guided by a moral code, members of one population, the Trustors, are willing to punish members of the other population, the Trustees, who defect. Under replicator dynamics, adherence to the moral code has...
Persistent link: https://www.econbiz.de/10011316645
Persistent link: https://www.econbiz.de/10001722501
Persistent link: https://www.econbiz.de/10011963214
Persistent link: https://www.econbiz.de/10001537074
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10014458804
Persistent link: https://www.econbiz.de/10014449996
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We investigate cooperation when information about players' reputations spreads to their future partners through links in a social network that connects them. We find that information...
Persistent link: https://www.econbiz.de/10011773641
Persistent link: https://www.econbiz.de/10003716919