Economic theory predicts that it is impossible to have cooperation in finitely repeated games such as a prisoners' dilemma game without communication. Yet experimental results follow a contradicting pattern : for example, cooperation is generally observed in public-goods experiments, at least in early rounds.
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Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
441.
Length: 129 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:osakae:441
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