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Microeconomics
C/E/291. Prisoners Dilemma, its impact of Pareto optimality and alternative policy choices
- WORDS:
- 1100
- DATE:
- 2008
- PRICE:
- 19.99 GBP
The paper looks at the concept of Prisoners Dilemma illustrated through various examples. The impact of the phenomenon on Pareto optimality is considered, examples are analysed presenting both sides of the argument on the conditions when the dilemma should be resolved or, alternatively, maintained.
KEYWORDS: Prisoners Dilemma, Pareto Optimality, Policy Prescription,
Other Papers On: Microeconomics
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