What is the threshold number of people in the cooperative

Reference no: EM132200288

Question: Nash Equilibria

Consider an application of the Prisoner's Dilemma to cooperatives. Suppose that a development institution establishes an agricultural cooperative. The are npeople in each cooperative, who equally share all of the output. Each person in the cooperative can produce 100 pesos/day, and the effort for each person to produce this amount is given by e. What is the threshold number of people in the cooperative below which people will still choose to Work rather than Shirk?

Reference no: EM132200288

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