Sticks and carrots: Two incentive mechanisms supporting intra-group cooperation
AbstractIn this note, we introduce two distinct incentive mechanisms that support dynamic intra-group cooperation in the context of prisoner's dilemma payoffs: rewards for cooperating, and punishments for defection, where the rewarding or punishing party may be outside the relationship.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 102 (2009)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Intra-group cooperation Prisoner's dilemma;
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