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On the coexistence of reciprocity and materialism

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Author Info
Akiko Maruyama () (Graduate School of Economics, Kwansei Gakuin University)

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Abstract

This paper studies the problem of the long-run preferences distribution in a large population using an evolutionary approach. Special attention is given to the investigation of the property of the mixed population equilibria, in which materialists and reciprocators coexist. Some of the players with reciprocal preference care about not only their own material payoffs but also about those of others, while the remaining ones are materialists who maximize their own material payoffs.

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File URL: http://www.accessecon.com/pubs/EB/2007/Volume3/EB-07C70011A.pdf
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Publisher Info
Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 3 (2007)
Issue (Month): 59 ()
Pages: 1-9
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Handle: RePEc:ebl:ecbull:v:3:y:2007:i:59:p:1-9

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Related research
Keywords: Evolution;

Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D6 - Microeconomics - - Welfare Economics

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This page was last updated on 2010-1-6.

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