Abstract
Spite involves harming others without good reasons. It may survive in small populations or on markets with strategic substitutes. We consider situations where selfishness helps efficiency. Here spite endangers efficiency, but is wiped out by evolutionary forces.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 147-152 |
| Number of pages | 6 |
| Journal | Economics Letters |
| Volume | 67 |
| Issue number | 2 |
| DOIs | |
| State | Published - May 2000 |
| Externally published | Yes |
Keywords
- (Indirect) evolution
- C72
- D63
- Efficiency
- Endogenous preferences
- Game theory
- Spite
ASJC Scopus subject areas
- Finance
- Economics and Econometrics