Weibull, Jörgen W.; van Damme, Eric - Institutet för Näringslivsforskning (IFN) - 1998
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...