Everyone Deals With The Prisoners Dilemma
Prisoners No More: State Investment Relocation Incentives And The Prisoners Dilemma talks about states facing the prisoners dilemma of whether to offer relocation incentives to intice people to move there or not. The dilemma that states face is, if they offer incentives another state is going to do the same and how far should they go. Each state is trying to improve their economic position but if they conitnue to offer more incentives the benefits are going to become less. Thus, they would have been better off if they hadn't offered any incentives.
Posted by sam at 4/15/2005 09:37:00 PM