Rabin (1993) shows that incorporating notions of fairness into a public goods game can transform this game into:
A) A stag hunt type coordination problem with two payoff-ranked Nash equilibria, one payoff dominant and the other secure.
B) A prisoner's dilemma game with a unique dominant strategy Nash equilibrium.
C) A coordination game with two equilibria, neither of which dominates the other in terms of payoff.
D) A multi-person prisoner's dilemma game with multiple Nash equilibria.
Correct Answer:
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Q1: With regards to the public goods game,
Q2: With respect to a public goods game,
Q4: "Punishments create a second level public good".
Q5: _ punishment implies punishments of _ by
Q6: "Punishments are more effective in the longer
Q7: With regards to the public goods game
Q8: Which of the following is a good
Q9: Consider a public goods game with groups
Q10: With respect to the public goods game,
Q11: Suppose the MPCR for a public goods
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