On the economics of vanishing

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
Pages (from-to)261-266
Number of pages6
JournalEconomics Letters
Volume61
Issue number2
DOIs
StatePublished - 1 Nov 1998
Externally publishedYes

Keywords

  • Economics of extinction
  • Economics of vanishing
  • O40
  • R11

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