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A group has 100 members. Each person can choose to participate or not participate in a common project. If n of them participate in the
A group has 100 members. Each person can choose to participate or not participate in a common project. Ifnof them participate in the project, theneach participant derives the benefitp(n)=n, and each of the (100n) shirkers derives the benefits(n)=3n180 .
- Is this collective-action problem an example of a prisoners' dilemma, a game of chicken, or an assurance game?
- Write the expression for the total social payoff of the group.
- Show, either graphically or mathematically, that the maximum total social payoff for the group occurs whenn=100.
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