Seminar
Private Provision of Public Goods in the Local Interaction Model
Economics
Speaker: | Alexander Matros, University College London |
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Date: | Friday 15 November 2002 |
Time: | 16:15 |
Location: | Room 106 Streatam Court |
Further details
This paper analyses the evolutionary version of the Public Good game, when agents have the imitation and the best reply decision rules. Eshel, Samuelson, and Shaked (AER, 1998) show that an irrational cooperative outcome will survive in this game, if all N agents interact with two or four neighbors and use imitation rule to select a strategy. I show that this result is robust to the introduction of the best reply rule. Moreover, I provide a condition under which the cooperative outcomes will arise for any number of neighbors