Amann, Erwin; Yang, Chun-Lei:
Sophistication and the persistence of cooperation
1998
In: Journal of Economic Behavior & Organization, Jg. 37 (1998), Heft 1, S. 91
Artikel/Aufsatz in Zeitschrift / Fach: Wirtschaftswissenschaften
Titel:
Sophistication and the persistence of cooperation
Autor(in):
Amann, Erwin im Online-Personal- und -Vorlesungsverzeichnis LSF anzeigen; Yang, Chun-Lei
Erscheinungsjahr:
1998
Erschienen in:
Journal of Economic Behavior & Organization, Jg. 37 (1998), Heft 1, S. 91
Link URL:

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.