Public goods and decay in networks

Enrique Fatas, Miguel A. Meléndez-Jiménez, Antonio J. Morales, Hector Solaz

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Abstract

We propose a simple behavioral model to analyze situations where (1) a group of agents repeatedly plays a public goods game within a network structure and (2) each agent only observes the past behavior of her neighbors, but is affected by the decisions of the whole group. The model assumes that agents are imperfect conditional cooperators, that they infer unobserved contributions assuming imperfect conditional cooperation by others, and that they have some degree of bounded rationality. We show that our model approximates quite accurately regularities derived from public goods game experiments.

Original languageEnglish
Pages (from-to)73-90
Number of pages18
JournalSERIEs
Volume6
Issue number1
Early online date27 Jul 2014
DOIs
Publication statusPublished - Mar 2015

Keywords

  • Decay
  • Networks
  • Public good

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