Short-run vs. long-run cooperation among the G-20 countries
In a model of repeated games, we determine the conditions under which cooperation is an equilibrium outcome among the G-20 countries. We consider first, that members are uncertain about the lifespan of the G-20. Second, the nature of member countries and their interrelations can change because of shifts in government regimes. Monitoring and peer pressure to comply with the agreements made are necessary if the goals are to achieve cooperation and thereby attain desirable common goals. If member countries are prone to shifting government regimes and governments are not concerned about their countries' reputations, continuous cooperation becomes more difficult.
|Date of creation:||04 Mar 2011|
|Date of revision:||28 Jun 2011|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hirshlifer, David & Rassmusen, Eric, 1989. "Cooperation in a repeated prisoners' dilemma with ostracism," Journal of Economic Behavior & Organization, Elsevier, vol. 12(1), pages 87-106, August.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33204. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.