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Cooperation and Wealth

Author

Listed:
  • Stark, Oded

    (University of Bonn and University of Vienna)

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.

Suggested Citation

  • Stark, Oded, 2002. "Cooperation and Wealth," Economics Series 123, Institute for Advanced Studies.
    • Handle: RePEc:ihs:ihsesp:123
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    File URL: https://irihs.ihs.ac.at/id/eprint/1458
    File Function: First version, 2002
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    References listed on IDEAS

    as
    1. Ken Binmore, 1998. "Game Theory and the Social Contract - Vol. 2: Just Playing," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262024446, April.
    2. Stark,Oded, 1999. "Altruism and Beyond," Cambridge Books, Cambridge University Press, number 9780521663731, October.
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    Cited by:

    1. Savvateev, Alexei & Stark, Oded, 2005. "An evolutionary explanation for the propensity to migrate," EconStor Preprints 279746, ZBW - Leibniz Information Centre for Economics.

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    More about this item

    Keywords

    Equilibrium fraction of cooperators; Population's level of wealth; Single-shot prisoner's dilemma game;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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