A Note on Funaki and Yamato's Tragedy of the Commons
AbstractIn 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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Bibliographic InfoPaper provided by Katholieke Universiteit Leuven, Centrum voor Economische Studiën in its series Center for Economic Studies - Discussion papers with number ces0217.
Date of creation: Mar 2002
Date of revision:
Other versions of this item:
- László Á. Kóczy, 2002. "A Note on Funaki and Yamato's Tragedy of the Commons," Game Theory and Information 0203006, EconWPA.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Cooperation to save species
by László Á. Kóczy in Game theory, research & other stuff on 2010-09-13 10:03:00
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