This research paper explores how a combination of peer and institutional incentives can shape cooperation and social welfare within social dilemmas. Using a four-strategy model in the context of a Prisoner's Dilemma, the study analyzes the dynamics of unconditional cooperators, defectors, social punishers, and social rewarders. Findings indicate that peer punishment is most effective for promoting cooperation, while peer reward enhances social welfare. Institutional rewards for peer incentive strategies significantly boost both cooperation and welfare, whereas subsidies for unconditional cooperators have minimal impact. AI
IMPACT Provides insights into designing institutions that can effectively balance cooperation promotion with welfare maximization in complex social systems.
RANK_REASON The cluster contains a single academic paper published on arXiv. [lever_c_demoted from research: ic=1 ai=1.0]
Read on arXiv cs.MA (Multiagent) →
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