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On the economics of vanishing

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
61
Issue
2
Identifiers
DOI: 10.1016/s0165-1765(98)00167-0
Keywords
  • Economics Of Vanishing
  • Economics Of Extinction

Abstract

Abstract The optimizing behavior of rational agents can entail a communal weakness that results in extinction. A simple dynamic setting illustrates the way in which a community consisting of anything but a relatively large number of cooperators, or only cooperators, vanishes.

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