Title of article :
Microeconomic uncertainties facilitate cooperative alliances and social welfare
Author/Authors :
Matja? Perc، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
Pages :
6
From page :
104
To page :
109
Abstract :
We show that microeconomic chaotic variations of payoffs in the prisonerʹs dilemma game maintain cooperation over a broad range of defection temptation values where otherwise economic stalemate reigns. Thus, unpredictability at micro scales impedes mutual defection that inflicts social poverty.
Keywords :
Game theory , Cooperation , Social welfare , Microeconomic chaos
Journal title :
Economics Letters
Serial Year :
2007
Journal title :
Economics Letters
Record number :
436196
Link To Document :
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