Cooperation in the Prisoner's Dilemma with Anonymous Random Matching

S-Tier
Journal: Review of Economic Studies
Year: 1994
Volume: 61
Issue: 3
Pages: 567-588

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

The paper considers the repeated prisoner's dilemma in a large-population random-matching setting where players are unable to recognize their opponents. Despite the informational restrictions cooperation is still a sequential equilibrium supported by "contagious" punishments. The equilibrium does not require excessive patience, and contrary to previous thought, need not be extraordinarily fragile. It is robust to the introduction of small amounts of noise and remains nearly efficient. Extensions are discussed to models with heterogeneous rates of time preference and without public randomizations.

Technical Details

RePEc Handle
repec:oup:restud:v:61:y:1994:i:3:p:567-588.
Journal Field
General
Author Count
1
Added to Database
2026-01-25