An evolutionary model of reciprocity
University of Melbourne Author/sBasov, Suren
AffiliationEconomics and Commerce: Department of Economics
CitationsBasov, Suren (2001) An evolutionary model of reciprocity .
Access StatusOpen Access
ISBN 0734024673, Working paper 812.
Despite the pervasiveness of reciprocal behavior, it has received little attention in the economic literature. In this paper, I consider an evolutionary model of reciprocity. The main findings of this paper are that evolution can support reciprocal behavior for the fraction of population, which is insensitive to the stakes involved, but is sensitive to the cohesiveness of the relationships. These findings match stylized facts learned from experimental and field studies of reciprocity.
Keywordsevolutionary model; reciprocity
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