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Evolution and Refinement with Endogenous Mistake Probabilities

van Damme, Eric; Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1999

Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population 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 mutation rates as...

Persistent link: https://www.econbiz.de/10005082492

What have we learned from Evolutionary Game Theory so far?

Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1997

framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to … economic theory has lead to new predictions and opened up doors to other social sciences. The discussion will be focused on the … in evolutionary game theory so far? What are the next challenges for evolutionary game theory in economics? …

Persistent link: https://www.econbiz.de/10005771089

Clever Agents in Young's Evolutionary Bargaining Model

Weibull, Jörgen W.; Saez-Marti, Maria - Institutet för Näringslivsforskning (IFN) - 1998

In the models of Young (1993a,b), boundedly rational individuals are recurrently matched to play a game, and they play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myopic best reply to the myopic best reply, something boundedly rational...

Persistent link: https://www.econbiz.de/10005190635

Evolution with Mutations Driven by Control Costs

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...

Persistent link: https://www.econbiz.de/10005645419

Direct Investment and Local Content Rules in the European Community

Andersson, Thomas - Institutet för Näringslivsforskning (IFN) - 1990

This paper analyses the behaviour of competing governments in the EC with respect to inflows of direct investment. Solving a non-cooperative sequential bargaining game in which host countries gain from direct investment through tax revenue or imposition of forced local subcontracting, it is...

Persistent link: https://www.econbiz.de/10010685027

Evolutionary Selection against Dominated Strategies

Hofbauer, Josef; Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1995

No abstract.

Persistent link: https://www.econbiz.de/10010818312

The 'As if' Approach to Game Theory: 3 Positive Results and 4 Obstacles

Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1993

No abstract.

Persistent link: https://www.econbiz.de/10010818361

Product Differentiation and the Sustainability of Collusion

Häckner, Jonas - Institutet för Näringslivsforskning (IFN) - 1992

No abstract.

Persistent link: https://www.econbiz.de/10010818502