Stark, Oded; Behrens, Doris A. - Zentrum für Entwicklungsforschung (ZEF), Rheinische … - 2009
Consider a population of farmers who live around a lake. Each farmer engages in trade with his two adjacent neighbors. The trade is governed by a prisoner’s dilemma “rule of engagement.” A farmer’s payoff is the sum of the payoffs from the two prisoner’s dilemma games played with his...