Christopher J. Ellis () (University of Oregon Economics Department) Anne van den Nouweland () (University of Oregon Economics Department)
Abstract
We construct a market based mechanism that induces players in a non-cooperative game to make the same choices as characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions and illustrate this claim using the problems of "The Tragedy of the Commons" and "R&D Spillovers in Duopoly".
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Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D62 - Microeconomics - - Welfare Economics - - - Externalities H40 - Public Economics - - Publicly Provided Goods - - - General
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