My da|ra Login

Detailed view

metadata language: English

Replication data for: Equilibrium Selection in the Repeated Prisoner's Dilemma: Axiomatic Approach and Experimental Evidence

Version
1
Resource Type
Dataset
Creator
  • Blonski, Matthias
  • Ockenfels, Peter
  • Spagnolo, Giancarlo
Publication Date
2011-08-01
Description
  • Abstract

    We propose an axiomatic approach for equilibrium selection in the discounted, infinitely repeated symmetric Prisoner's Dilemma. Our axioms characterize a unique selection criterion that is also useful as a tool for applied comparative statics exercises as it results in a critical discount factor δ* strictly larger than δ, the standard criterion that has often been used in applications. In an experimental test we find a strong predictive power of our proposed criterion. For parameter changes where the standard and our criterion predict differently, changes in observed cooperation follow predictions based on δ* . (JEL C72, C73, C92, D81)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/mic.3.3.164 (Text)
Publications
  • Blonski, Matthias, Peter Ockenfels, and Giancarlo Spagnolo. “Equilibrium Selection in the Repeated Prisoner’s Dilemma: Axiomatic Approach and Experimental Evidence.” American Economic Journal: Microeconomics 3, no. 3 (August 2011): 164–92. https://doi.org/10.1257/mic.3.3.164.
    • ID: 10.1257/mic.3.3.164 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Blonski, Matthias; Ockenfels, Peter; Spagnolo, Giancarlo (2011): Replication data for: Equilibrium Selection in the Repeated Prisoner's Dilemma: Axiomatic Approach and Experimental Evidence. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114383V1