Does moral play equilibrate?

B-Tier
Journal: Economic Theory
Year: 2021
Volume: 71
Issue: 1
Pages: 305-315

Authors (3)

Immanuel Bomze (not in RePEc) Werner Schachinger (not in RePEc) Jörgen Weibull (Stockholm School of Economics)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract Some finite and symmetric two-player games have no (pure or mixed) symmetric Nash equilibrium when played by partly morally motivated players.The reason is that the “right thing to do” may be not to randomize. We analyze this issue both under complete information between equally moral players and under incomplete information between players of arbitrary degrees of morality. We provide necessary and sufficient conditions for the existence of equilibrium and illustrate the results with examples and counter examples.

Technical Details

RePEc Handle
repec:spr:joecth:v:71:y:2021:i:1:d:10.1007_s00199-020-01246-4
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29