Modeling cooperation among self-interested agents: a critique
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ernst Fehr & Simon Gachter & Georg Kirchsteiger, 1997.
"Reciprocity as a Contract Enforcement Device: Experimental Evidence,"
Econometrica, Econometric Society, vol. 65(4), pages 833-860, July.
- Ernst Fehr & Simon Gächter & Georg Kirchsteiger, 1997. "Reciprocity as a contract enforcement device: experimental evidence," ULB Institutional Repository 2013/5911, ULB -- Universite Libre de Bruxelles.
- James W. Friedman, 1971. "A Non-cooperative Equilibrium for Supergames," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(1), pages 1-12.
- Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
- Robert Aumann & Adam Brandenburger, 2014.
"Epistemic Conditions for Nash Equilibrium,"
World Scientific Book Chapters, in: The Language of Game Theory Putting Epistemics into the Mathematics of Games, chapter 5, pages 113-136,
World Scientific Publishing Co. Pte. Ltd..
- Aumann, Robert & Brandenburger, Adam, 1995. "Epistemic Conditions for Nash Equilibrium," Econometrica, Econometric Society, vol. 63(5), pages 1161-1180, September.
- Gary S. Becker & Casey B. Mulligan, 1997.
"The Endogenous Determination of Time Preference,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 729-758.
- Becker, G.S. & Mulligan, C.B., 1994. "On the Endogenous Determination of Time Preference," University of Chicago - Economics Research Center 94-2, Chicago - Economics Research Center.
- Becker, Gary S. & Mulligan, Casey B., 1994. "On the Endogenous Determination of Time Preference," Working Papers 98, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Ely, Jeffrey C. & Valimaki, Juuso, 2002.
"A Robust Folk Theorem for the Prisoner's Dilemma,"
Journal of Economic Theory, Elsevier, vol. 102(1), pages 84-105, January.
- Jeffrey C. Ely & Juuso Valimaki, 1999. "A Robust Folk Theorem for the Prisoner's Dilemma," Discussion Papers 1264, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jeffrey Ely, 2000. "A Robust Folk Theorem for the Prisoners' Dilemma," Econometric Society World Congress 2000 Contributed Papers 0210, Econometric Society.
- Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
- Dilip Abreu & David Pearce & Ennio Stacchetti, 2010. "Towards a Theory of Discounted Repeated Games with Imperfect Monitoring," Levine's Working Paper Archive 199, David K. Levine.
- Herbert Gintis, 2000. "Strong Reciprocity and Human Sociality," UMASS Amherst Economics Working Papers 2000-02, University of Massachusetts Amherst, Department of Economics.
- Drew Fudenberg & David Levine & Eric Maskin, 2008.
"The Folk Theorem With Imperfect Public Information,"
World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 12, pages 231-273,
World Scientific Publishing Co. Pte. Ltd..
- Fudenberg, Drew & Levine, David I & Maskin, Eric, 1994. "The Folk Theorem with Imperfect Public Information," Econometrica, Econometric Society, vol. 62(5), pages 997-1039, September.
- Fudenberg, D. & Levine, D.K. & Maskin, E., 1989. "The Folk Theorem With Inperfect Public Information," Working papers 523, Massachusetts Institute of Technology (MIT), Department of Economics.
- Drew Fudenberg & David K. Levine & Eric Maskin, 1994. "The Folk Theorem with Imperfect Public Information," Levine's Working Paper Archive 2058, David K. Levine.
- Drew Fudenberg & David K. Levine & Eric Maskin, 1994. "The Folk Theorem with Imperfect Public Information," Levine's Working Paper Archive 394, David K. Levine.
- Aumann, Robert J, 1987.
"Correlated Equilibrium as an Expression of Bayesian Rationality,"
Econometrica, Econometric Society, vol. 55(1), pages 1-18, January.
- Robert J. Aumann, 2010. "Correlated Equilibrium as an expression of Bayesian Rationality," Levine's Working Paper Archive 661465000000000377, David K. Levine.
- R. Aumann, 2010. "Correlated Equilibrium as an expression of Bayesian Rationality," Levine's Bibliography 513, UCLA Department of Economics.
- Drew Fudenberg & Eric Maskin, 2008.
"The Folk Theorem In Repeated Games With Discounting Or With Incomplete Information,"
World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 11, pages 209-230,
World Scientific Publishing Co. Pte. Ltd..
- Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-554, May.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
- Sekiguchi, Tadashi, 1997. "Efficiency in Repeated Prisoner's Dilemma with Private Monitoring," Journal of Economic Theory, Elsevier, vol. 76(2), pages 345-361, October.
- Rogers, Alan R, 1994. "Evolution of Time Preference by Natural Selection," American Economic Review, American Economic Association, vol. 84(3), pages 460-481, June.
- Hitoshi Matsushima, 2001. "The Folk Theorem with Private Monitoring," CIRJE F-Series CIRJE-F-123, CIRJE, Faculty of Economics, University of Tokyo.
- Hitoshi Matsushima, 2000. "The Folk Theorem with Private Monitoring and Uniform Sustainability," CIRJE F-Series CIRJE-F-84, CIRJE, Faculty of Economics, University of Tokyo.
- Herbert Gintis & Herbert Gintis, 1976. "The Nature of Labor Exchange and the Theory of Capitalist Production," Review of Radical Political Economics, Union for Radical Political Economics, vol. 8(2), pages 36-54, July.
- Kandori, Michihiro, 2002.
"Introduction to Repeated Games with Private Monitoring,"
Journal of Economic Theory, Elsevier, vol. 102(1), pages 1-15, January.
- Michihiro Kandori, 2001. "Introduction to Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-114, CIRJE, Faculty of Economics, University of Tokyo.
- Arthur J. Robson & Hillard S. Kaplan, 2003. "The Evolution of Human Life Expectancy and Intelligence in Hunter-Gatherer Economies," American Economic Review, American Economic Association, vol. 93(1), pages 150-169, March.
- Hansson, Ingemar & Stuart, Charles, 1990. "Malthusian Selection of Preferences," American Economic Review, American Economic Association, vol. 80(3), pages 529-544, June.
- Piccione, Michele, 2002. "The Repeated Prisoner's Dilemma with Imperfect Private Monitoring," Journal of Economic Theory, Elsevier, vol. 102(1), pages 70-83, January.
- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
- Samuel Bowles & Astrid Hopfensitz, 2000. "The Co-evolution of Individual Behaviors and Social Institutions," Working Papers 00-12-073, Santa Fe Institute.
- Samuel Bowles & Herbert Gintis, 2000.
"Walrasian Economics in Retrospect,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1411-1439.
- Samuel Bowles & Herbert Gintis, 2000. "Walrasian Economics in Retrospect," UMASS Amherst Economics Working Papers 2000-04, University of Massachusetts Amherst, Department of Economics.
- Henrich, Joseph & Boyd, Robert & Bowles, Samuel & Camerer, Colin & Fehr, Ernst & Gintis, Herbert (ed.), 2004. "Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies," OUP Catalogue, Oxford University Press, number 9780199262052.
- Abreu, Dilip & Pearce, David & Stacchetti, Ennio, 1990. "Toward a Theory of Discounted Repeated Games with Imperfect Monitoring," Econometrica, Econometric Society, vol. 58(5), pages 1041-1063, September.
- Porter, Robert H, 1985. "On the Incidence and Duration of Price Wars," Journal of Industrial Economics, Wiley Blackwell, vol. 33(4), pages 415-426, June.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- P. Taylor & L. Jonker, 2010. "Evolutionarily Stable Strategies and Game Dynamics," Levine's Working Paper Archive 457, David K. Levine.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Fehr, Nils-Henrik M. von der & Harbord, David, 2018. "On the Enforcement of Trade Embargoes by the Merchant Guilds," MPRA Paper 88431, University Library of Munich, Germany.
- Bruni, Luigino & Smerilli, Alessandra, 2010. "Cooperation and diversity. An evolutionary approach," MPRA Paper 20564, University Library of Munich, Germany.
- Bilancini, Ennio & Boncinelli, Leonardo, 2009. "The co-evolution of cooperation and defection under local interaction and endogenous network formation," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 186-195, May.
- Giangiacomo Bravo & Flaminio Squazzoni, 2013. "Exit, Punishment and Rewards in Commons Dilemmas: An Experimental Study," PLOS ONE, Public Library of Science, vol. 8(8), pages 1-9, August.
- Harbord, David & Fehr, Nils Henrik von der, 2011. "Coordination, compensation and the expansion of trade: The merchant guilds revisited," MPRA Paper 40992, University Library of Munich, Germany.
- Harbord, David, 2006. "Enforcing cooperation among medieval merchants: The Maghribi traders revisited," MPRA Paper 1889, University Library of Munich, Germany.
- Ahmadreza Asgharpourmasouleh & Atiye Sadeghi & Ali Yousofi, 2017. "A Grounded Agent-Based Model of Common Good Production in a Residential Complex: Applying Artificial Experiments," SAGE Open, , vol. 7(4), pages 21582440177, October.
- Marcello Basili & Maurizio Franzini, 2009.
"Cooperation, Reciprocity and Self-esteem: A Theoretical Approach,"
Chapters, in: Geoffrey Brennan & Giuseppe Eusepi (ed.), The Economics of Ethics and the Ethics of Economics, chapter 11,
Edward Elgar Publishing.
- Marcello Basili & Maurizio Franzini, 2007. "Cooperation, reciprocity and self-esteem: A theoretical approach," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 007, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
- Ewa Roszkowska & Tom R. Burns, 2010. "Fuzzy Bargaining Games: Conditions of Agreement, Satisfaction, and Equilibrium," Group Decision and Negotiation, Springer, vol. 19(5), pages 421-440, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marco Battaglini & Stephen Coate, 2008.
"A Dynamic Theory of Public Spending, Taxation, and Debt,"
American Economic Review, American Economic Association, vol. 98(1), pages 201-236, March.
- Marco Battaglini & Stephen Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," NBER Working Papers 12100, National Bureau of Economic Research, Inc.
- Stephen Coate & Marco Battaglini, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," 2007 Meeting Papers 573, Society for Economic Dynamics.
- Marco Battaglini & Stephen Coate, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," Discussion Papers 1441, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Marco Battaglini & Stephen Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," NajEcon Working Paper Reviews 321307000000000026, www.najecon.org.
- Marco Battaglini & Steve Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," Levine's Bibliography 122247000000001094, UCLA Department of Economics.
- Battaglini, Marco & Coate, Stephen, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," Working Papers 07-04, Cornell University, Center for Analytic Economics.
- Miyagawa, Eiichi & Miyahara, Yasuyuki & Sekiguchi, Tadashi, 2008.
"The folk theorem for repeated games with observation costs,"
Journal of Economic Theory, Elsevier, vol. 139(1), pages 192-221, March.
- Eiichi Miyagawa & Yasuyuki Miyahara & Tadashi Sekiguchi, 2004. "The Folk Theorem for Repeated Games with Observation Costs," KIER Working Papers 597, Kyoto University, Institute of Economic Research.
- Yasuyuki Miyahara & Tadashi Sekiguchi & Eiichi Miyagawa, 2007. "The Folk Theorem for Repeated Games with Observation Costs," 2007 Meeting Papers 751, Society for Economic Dynamics.
- Kandori, Michihiro, 2002.
"Introduction to Repeated Games with Private Monitoring,"
Journal of Economic Theory, Elsevier, vol. 102(1), pages 1-15, January.
- Michihiro Kandori, 2001. "Introduction to Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-114, CIRJE, Faculty of Economics, University of Tokyo.
- Olivier Gossner & Jöhannes Horner, 2006. "When is the individually rational payoff in a repeated game equal to the minmax payoff?," Discussion Papers 1440, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Chen, Bo, 2010. "A belief-based approach to the repeated prisoners' dilemma with asymmetric private monitoring," Journal of Economic Theory, Elsevier, vol. 145(1), pages 402-420, January.
- Gossner, Olivier & Hörner, Johannes, 2010.
"When is the lowest equilibrium payoff in a repeated game equal to the minmax payoff?,"
Journal of Economic Theory, Elsevier, vol. 145(1), pages 63-84, January.
- Olivier Gossner & Johannes Hörner, 2010. "When is the lowest equilibrium payoff in a repeated game equal to the minmax payoff?," Post-Print halshs-00754488, HAL.
- , J. & ,, 2006.
"Coordination failure in repeated games with almost-public monitoring,"
Theoretical Economics, Econometric Society, vol. 1(3), pages 311-340, September.
- George J. Mailath & Stephen Morris, 2004. "Coordination Failure in Repeated Games with Almost-Public Monitoring," PIER Working Paper Archive 04-033, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- George J Mailath & Stephen Morris, 2006. "Coordination Failure in Repeated Games with Almost-Public Monitoring," Levine's Bibliography 122247000000001105, UCLA Department of Economics.
- George J. Mailath & Stephen Morris, 2005. "Coordination Failure in Repeated Games with Almost-Public Monitoring," Levine's Bibliography 122247000000000340, UCLA Department of Economics.
- George J. Mailath & Stephen Morris, 2004. "Coordination Failure in Repeated Games with Almost-Public Monitoring," Cowles Foundation Discussion Papers 1479, Cowles Foundation for Research in Economics, Yale University.
- Stephen Morris & George J Mailath, 2005. "Coordination Failure in Repeated Games with Almost-Public Monitoring," 2005 Meeting Papers 25, Society for Economic Dynamics.
- George J. Mailath & Stephen Morris, 2004. "Coordination Failure in Repeated Games with Almost-Public Monitoring," Cowles Foundation Discussion Papers 1479R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2005.
- George J. Mailath & Stephen Morris, 2004. "Coordination Failure in Repeated Games with Almost-Public Monitoring," PIER Working Paper Archive 05-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 23 Mar 2005.
- Jehiel, Philippe & Samuelson, Larry, 2023.
"The analogical foundations of cooperation,"
Journal of Economic Theory, Elsevier, vol. 208(C).
- Philippe Jehiel & Larry Samuelson, 2022. "The Analogical Foundations of Cooperation," PSE Working Papers halshs-03754101, HAL.
- Philippe Jehiel & Larry Samuelson, 2022. "The Analogical Foundations of Cooperation," Working Papers halshs-03754101, HAL.
- Philippe Jehiel & Larry Samuelson, 2023. "The analogical foundations of cooperation," Post-Print halshs-04331552, HAL.
- Philippe Jehiel & Larry Samuelson, 2023. "The analogical foundations of cooperation," PSE-Ecole d'économie de Paris (Postprint) halshs-04331552, HAL.
- McLean, Richard & Obara, Ichiro & Postlewaite, Andrew, 2014. "Robustness of public equilibria in repeated games with private monitoring," Journal of Economic Theory, Elsevier, vol. 153(C), pages 191-212.
- Hitoshi Matsushima, 2007.
"Tit-For-Tat Equilibria in Discounted Repeated Games with Private Monitoring,"
CARF F-Series
CARF-F-096, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Hitoshi Matsushima, 2007. "Tit-For-Tat Equilibria in Discounted Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-492, CIRJE, Faculty of Economics, University of Tokyo.
- Yamamoto, Yuichi, 2007. "Efficiency results in N player games with imperfect private monitoring," Journal of Economic Theory, Elsevier, vol. 135(1), pages 382-413, July.
- Burnham, Terence C., 2013. "Toward a neo-Darwinian synthesis of neoclassical and behavioral economics," Journal of Economic Behavior & Organization, Elsevier, vol. 90(S), pages 113-127.
- Yamamoto, Yuichi, 2009. "A limit characterization of belief-free equilibrium payoffs in repeated games," Journal of Economic Theory, Elsevier, vol. 144(2), pages 802-824, March.
- Heller, Yuval, 2017.
"Instability of belief-free equilibria,"
Journal of Economic Theory, Elsevier, vol. 168(C), pages 261-286.
- Yuval Heller, 2017. "Instability of Belief-free Equilibria," Working Papers 2017-01, Bar-Ilan University, Department of Economics.
- Hitoshi Matsushima, 2002. "Repeated Games with Correlated Private Monitoring and Secret Price Cuts," CIRJE F-Series CIRJE-F-154, CIRJE, Faculty of Economics, University of Tokyo.
- Ashkenazi-Golan, Galit & Lehrer, Ehud, 2019. "What you get is what you see: Cooperation in repeated games with observable payoffs," Journal of Economic Theory, Elsevier, vol. 181(C), pages 197-237.
- Sekiguchi, Tadashi, 2002. "Existence of nontrivial equilibria in repeated games with imperfect private monitoring," Games and Economic Behavior, Elsevier, vol. 40(2), pages 299-321, August.
- Ely, Jeffrey C. & Valimaki, Juuso, 2002.
"A Robust Folk Theorem for the Prisoner's Dilemma,"
Journal of Economic Theory, Elsevier, vol. 102(1), pages 84-105, January.
- Jeffrey C. Ely & Juuso Valimaki, 1999. "A Robust Folk Theorem for the Prisoner's Dilemma," Discussion Papers 1264, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jeffrey Ely, 2000. "A Robust Folk Theorem for the Prisoners' Dilemma," Econometric Society World Congress 2000 Contributed Papers 0210, Econometric Society.
- , H. & ,, 2016. "Approximate efficiency in repeated games with side-payments and correlated signals," Theoretical Economics, Econometric Society, vol. 11(1), January.
- Wilson, Alistair J. & Wu, Hong, 2017. "At-will relationships: How an option to walk away affects cooperation and efficiency," Games and Economic Behavior, Elsevier, vol. 102(C), pages 487-507.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:33:y:2004:i:6:p:695-714. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.