AbstractMany legal systems foster metarules of reciprocity to facilitate cooperative outcomes. This paper considers the role of reciprocity rules in various strategic environments. We start by considering the effect of reciprocity constraints in a classic prisoners' dilemma with two symmetric parties and linear payoffs. We extend the analysis to continuous strategies and then further extend the basic model of reciprocity to (a) asymmetric players and (b) nonlinear payoff functions. Then we examine the welfare properties of the reciprocity-induced equilibrium. In many game-theoretic situations, reciprocity constraints facilitate the achievement of cooperative outcomes. Yet the reciprocity-induced equilibrium is not always socially optimal.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 159 (2003)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.mohr.de/jite
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Find related papers by JEL classification:
- K0 - Law and Economics - - General
- K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Fon, Vincy & Parisi, Francesco, 2003. "Stability and Change in International Customary Law," Berkeley Olin Program in Law & Economics, Working Paper Series qt0t46t705, Berkeley Olin Program in Law & Economics.
- Fon, Vincy & Parisi, Francesco, 2008. "Role-reversibility, stochastic ignorance, and social cooperation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1061-1075, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert).
If references are entirely missing, you can add them using this form.