Public goods and decay in networks

Fatas, Enrique; Meléndez-Jiménez, Miguel; Morales, Antonio; Solaz, Hector

Public goods and decay in networks

Enrique Fatas (enrique.fatas@universidadeuropea.es), Miguel Meléndez-Jiménez (melendez@uma.es), Antonio Morales and Hector Solaz

SERIEs: Journal of the Spanish Economic Association, 2015, vol. 6, issue 1, 73-90

Abstract: We propose a simple behavioral model to analyze situations where (1) a group of agents repeatedly plays a public goods game within a network structure and (2) each agent only observes the past behavior of her neighbors, but is affected by the decisions of the whole group. The model assumes that agents are imperfect conditional cooperators, that they infer unobserved contributions assuming imperfect conditional cooperation by others, and that they have some degree of bounded rationality. We show that our model approximates quite accurately regularities derived from public goods game experiments. Copyright The Author(s) 2015

Keywords: Public good; Networks; Decay; H41; C92 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s13209-014-0114-x

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