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Cooperation and Wealth

Author

Listed:
  • Stark, Oded

    (University of Bonn and University of Vienna)

Abstract

We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner’s dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a partner to a game by incurring a recognition cost. We show that the equilibrium fraction of cooperators relates negatively to the population’s level of wealth.

Suggested Citation

  • Stark, Oded, 2002. "Cooperation and Wealth," Economics Series 123, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihsesp:123
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    File URL: http://www.ihs.ac.at/publications/eco/es-123.pdf
    File Function: First version, 2002
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    References listed on IDEAS

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    1. Ken Binmore, 1998. "Game Theory and the Social Contract - Vol. 2: Just Playing," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262024446, January.
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    Cited by:

    1. SAVVATEEV, Alexei & STARK, Oded, 2005. "An evolutionary explanation for the propensity to migrate," CORE Discussion Papers 2005038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    More about this item

    Keywords

    Equilibrium fraction of cooperators; Population's level of wealth; Single-shot prisoner's dilemma game;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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