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A Note on Funaki and Yamato's Tragedy of the Commons

Author

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  • Laszlo Aron Koczy

Abstract

In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or are less sensitive to behavioural assumptions.
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Suggested Citation

  • Laszlo Aron Koczy, 2002. "A Note on Funaki and Yamato's Tragedy of the Commons," Working Papers of Department of Economics, Leuven 500558, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    • Handle: RePEc:ete:ceswps:500558
    Note: paper number DPS 02.17
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    File URL: https://lirias.kuleuven.be/retrieve/323542
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Cooperation to save species
      by László Kóczy in Game theory, research & other stuff on 2010-09-13 15:03:00

    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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