COOPERATION AND WEALTH

Oded Stark

No 18763, Discussion Papers from University of Bonn, Center for Development Research (ZEF)

Abstract: We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a partner to a game by incurring a recognition cost. We show that the equilibrium fraction of cooperators relates negatively to the population's level of wealth.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 13
Date: 2003
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Related works:
Journal Article: Cooperation and wealth (2004)
Working Paper: Cooperation and Wealth (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ubzefd:18763

DOI: 10.22004/ag.econ.18763

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