A reputational model of debt is examined from an evolutionary game perspective. The game is played between randomly matched opponents and we ask whether debt can be supported in the long run steady state when lenders are given the option of joining an information sharing coalition. The players...

The details of any social interaction will always be subject to some variation. Frequently, this stems from change that occurs in the external world, but variation may also be of a more subjective kind, arising due to changes in the players' knowledge of the game. It is often the case that...