Amann, Erwin; Yang, Chun-Lei:

Sophistication and the persistence of cooperation

In: Journal of Economic Behavior & Organization, Jg. 37 (1998) ; Nr. 1, S. 91
Zeitschriftenaufsatz / Fach: Wirtschaftswissenschaften
Abstract:
Explains the persistence of cooperation in joint venture situations with prisoner's dilemma characteristics and the insight that sophistication in whatever form incurs costs. Evolutionary framework using replicator dynamics; Asymptotic stability and co-existence of cooperation, defection and cautious cooperation; Prisoner's dilemma game; Imperfect information.; Explains the persistence of cooperation in joint venture situations with prisoner's dilemma characteristics and the insight that sophistication in whatever form incurs costs. Evolutionary framework using replicator dynamics; Asymptotic stability and co-existence of cooperation, defection and cautious cooperation; Prisoner's dilemma game; Imperfect information.

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