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A Note on Funaki and Yamato's Tragedy of the Commons

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Author Info
László Á.Kóczy

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Abstract

In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or are less sensitive to behavioural assumptions.

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File URL: http://www.econ.kuleuven.be/eng/ew/discussionpapers/Dps02/Dps0217.pdf
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Paper provided by Katholieke Universiteit Leuven, Centrum voor Economische Studiën in its series Center for Economic Studies - Discussion papers with number ces0217.

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Date of creation: Mar 2002
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Handle: RePEc:ete:ceswps:ces0217

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