A Mechanism for Inducing Cooperation in Noncooperative Environments: Theory and Applications

Christopher J. Ellis and Anne van Den Nouweland

Journal of Public Economic Theory, 2006, vol. 8, issue 1, 23-47

Abstract: We construct a market‐based mechanism that induces players in a noncooperative game to make the same choices as characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions and illustrate this claim using the problem of “The Tragedy of the Commons.”

Date: 2006
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https://doi.org/10.1111/j.1467-9779.2006.00251.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:8:y:2006:i:1:p:23-47

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