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Persistent link: https://www.econbiz.de/10000071603
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...
Persistent link: https://www.econbiz.de/10009725484
Persistent link: https://www.econbiz.de/10001712765
This paper demonstrates that cooperation in international environmental negotiations can be explained by preferences for equity. Within a N-country prisoner?s dilemma in which agents can either cooperate or defect, in addition to the standard non-cooperative equilibrium, cooperation of a large...
Persistent link: https://www.econbiz.de/10010297749
The paper discusses the set of Harsanyi payoff vectors,also known as the Selectope. First, we reconsider some results on Harsanyi payoff vectors, published by Vasil'ev in the late 1970's, within a more general framework. In particular, these results state already that the set of Harsanyi payoff...
Persistent link: https://www.econbiz.de/10010324857
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff distributions (possibly empty or consisting of a unique element) to every...
Persistent link: https://www.econbiz.de/10010325275
The United States Congress recently passed a law that creates an alternative to individual transferable quota (ITQ) management. The American Fisheries Act promises the ability to rationalise one of the world's largest fisheries, the North Pacific pollock fishery, without the overt appearance of...
Persistent link: https://www.econbiz.de/10011608638
First, the paper lays out the fun-damental assumptions underlying the game theoretical analysis of international environmental problems. Second it summarises important findings which help to explain the difficulties of co-operation and discusses remedies. Chapter 3 looks at measures to avoid...
Persistent link: https://www.econbiz.de/10011608649
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10010272596
This paper introduces a class of endogenously proportional bargaining solutions. These solutions are independent of the class of Directional solutions, which Chun and Thomson (1990a) proposed to generalize (exogenously) proportional solutions of Kalai (1977). Endogenously proportional solutions...
Persistent link: https://www.econbiz.de/10010500229