Despite the pervasiveness of reciprocal behavior, it has received little attention in the economic literature. In this paper, I consider an evolutionary model of reciprocity. The main findings of this paper are that evolution can support reciprocal behavior for the fraction of population, which is insensitive to the stakes involved, but is sensitive to the cohesiveness of the relationships. These findings match stylized facts learned from experimental and field studies of reciprocity.
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Length: 22 pages Date of creation: 2001 Date of revision: Handle: RePEc:mlb:wpaper:812
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Find related papers by JEL classification: C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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