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This paper provides definitions for the evolutionary stability of sets of strategies based on simple fitness comparisons in the spirit of the definition of an evolutionarily stable strategy (ESS) by Taylor and Jonker (1978). It compares these with the set-valued notions of Thomas (1985d) and...
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This paper considers a model of society [script S] with a finite number of individuals, n, a finite set off alternatives, Omega, effective coalitions that must contain an a priori given number q of individuals. Its purpose is to extend the Nakamura Theorem (1979) to the quota games where...
Persistent link: https://www.econbiz.de/10005375584
We analyze an independent private values model where a number of objects are sold in sequential first- and second-price auctions. Bidders have unit demand and their valuation for an object is decreasing in the rank number of the auction in which it is sold. We derive efficient equilibria if...
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