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

Author

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  • László Á. Kóczy

    (Katholieke Universiteit Leuven)

Abstract

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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    Keywords

    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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