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Interdependent Preference Formation

Author

Listed:
  • Ok, Efe A.
  • Sethi, Rajiv
  • Kockesen, Levent

Abstract

A standard assumption in the economic approach to individual decision making is that people have independent preferences. We study equilibria of the classic common pool resource extraction and public good games when some of the players have negatively interdependent preferences while the remainder are payoff maximizers in the usual sense.

Suggested Citation

  • Ok, Efe A. & Sethi, Rajiv & Kockesen, Levent, 1997. "Interdependent Preference Formation," Working Papers 97-18, C.V. Starr Center for Applied Economics, New York University.
  • Handle: RePEc:cvs:starer:97-18
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Gary Bolton & Jordi Brandts & Axel Ockenfels, 1998. "Measuring Motivations for the Reciprocal Responses Observed in a Simple Dilemma Game," Experimental Economics, Springer;Economic Science Association, vol. 1(3), pages 207-219, December.
    2. Gary Bolton, 1998. "Bargaining and Dilemma Games: From Laboratory Data Towards Theoretical Synthesis," Experimental Economics, Springer;Economic Science Association, vol. 1(3), pages 257-281, December.
    3. Friedman, Daniel & Singh, Nirvikar, 2004. "Vengefulness Evolves in Small Groups," Santa Cruz Department of Economics, Working Paper Series qt0xp29105, Department of Economics, UC Santa Cruz.
    4. Levent Kockesen & Efe A. Ok & Rajiv Sethi, 1997. "On the Strategic Advantage of Negatively Interdependent Preferences," Game Theory and Information 9708001, EconWPA, revised 08 Aug 1997.
    5. Gary E Bolton & Axel Ockenfels, 1997. "A Theory of Equity, Reciprocity, and Competition," Levine's Working Paper Archive 1889, David K. Levine.
    6. repec:ebl:ecbull:v:3:y:2007:i:59:p:1-9 is not listed on IDEAS
    7. Akiko Maruyama, 2007. "On the coexistence of reciprocity and materialism," Economics Bulletin, AccessEcon, vol. 3(59), pages 1-9.
    8. Mitra, Tapan & Ok, Efe A. & Kockesen, Levent, 1998. "Popular support for progressive taxation and the relative income hypothesis," Economics Letters, Elsevier, vol. 58(1), pages 69-76, January.
    9. Bisin, Alberto & Verdier, Thierry, 1998. "On the cultural transmission of preferences for social status," Journal of Public Economics, Elsevier, vol. 70(1), pages 75-97, October.

    More about this item

    Keywords

    ECONOMETRICS ; SOCIALIZATION ; EXTERNALITIES ; ECONOMIC EQUILIBRIUM;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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