[PEN-L:4698] query -- collective goods problem

[JDevine@xxxxxxxxxxxxxxx]

It's pretty well known that in a repeated two-person Prisoners'
Dilemma game, the two participants can learn how to cooperate to
avoid the dire fate of them both confessing. My reading says that
this conclusion does NOT generalize to a game with many people
(the collective goods problem) unless one abandons the assumption
that people are individualistic.

Is my conclusion correct? what is the most up-to-date source?

in pen-l solidarity,

Jim Devine   jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., 7900 Loyola Blvd.
Los Angeles, CA 90045-8410 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"It takes a busload of faith to get by." -- Lou Reed.