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A Note on Funaki and Yamato's Tragedy of the Commons


  • László Á. Kóczy

    (Katholieke Universiteit Leuven)


In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or are less sensitive to behavioural assump-tions.

Suggested Citation

  • László Á. Kóczy, 2002. "A Note on Funaki and Yamato's Tragedy of the Commons," Game Theory and Information 0203006, EconWPA.
  • Handle: RePEc:wpa:wuwpga:0203006
    Note: Type of Document - Postscript; prepared on IBM PC - PC-TEX; to print on PostScript; pages: 6 ; figures: 1, included

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    References listed on IDEAS

    1. Martin W. Cripps & Jeroen M. Swinkels, 2006. "Efficiency of Large Double Auctions," Econometrica, Econometric Society, vol. 74(1), pages 47-92, January.
    2. Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 937-968, October.
    3. Vives Xavier, 1995. "The Speed of Information Revelation in a Financial Market Mechanism," Journal of Economic Theory, Elsevier, vol. 67(1), pages 178-204, October.
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    More about this item


    core; partition function; externalities; behavioural assumptions;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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