Imitating cooperation and the formation of long-term relationships

Heiner Schumacher

Journal of Economic Theory, 2013, vol. 148, issue 1, 409-417

Abstract: We study the infinitely repeated prisonerʼs dilemma with the option to maintain or to quit relationships. We show that if agents imitate successful strategies infrequently, defection is not dynamically stable and cooperation emerges regardless of the initial distribution of strategies.

Keywords: Prisonerʼs dilemma; Imitation; Random matching; Relationships (search for similar items in EconPapers)
JEL-codes: C70 C72 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:148:y:2013:i:1:p:409-417

DOI: 10.1016/j.jet.2012.12.008

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