Showing 1 - 9 of 9
This paper studies stochastic stability methods applied to processes on general state spaces. This includes settings in which agents repeatedly interact and choose from an uncountable set of strategies. Dynamics exist for which the stochastically stable states differ from those of any reasonable...
Persistent link: https://www.econbiz.de/10010812232
For games of contracting under perturbed best response dynamics, varying the perturbations along two dimensions (uniform vs. logit, directed vs. undirected) gives four possibilities. Three of these select differing major bargaining solutions as stochastically stable. The fourth possibility...
Persistent link: https://www.econbiz.de/10011163842
This paper analyzes simple models of editorial control. Starting from the framework developed by Krishna and Morgan (2001a), we analyze 2-sender models of cheap talk where one or more of the senders has the power to veto messages before they reach the receiver. A characterization of the most...
Persistent link: https://www.econbiz.de/10011188068
This study considers pure coordination games on networks and the waiting time for an adaptive process of strategic change to achieve efficient coordination. Although it is in the interest of every player to coordinate on a single globally efficient norm, coalitional behavior at a local level can...
Persistent link: https://www.econbiz.de/10011188072
Differing degrees of assortativity in matching can be expected to have both genetic and cultural determinants. When assortativity is subject to evolution, the main result of of Alger and Weibull (2013) on the evolution of stable otherregarding preferences does not hold. Instead, both non-Nash...
Persistent link: https://www.econbiz.de/10011145045
Persistent link: https://www.econbiz.de/10010604564
This paper considers marriage problems, roommate problems with nonempty core, and college admissions problems with responsive preferences. All stochastically stable matchings are shown to be contained in the set of matchings which are most robust to one-shot deviation.
Persistent link: https://www.econbiz.de/10011272071
In a dynamic model of assignment problems, small deviations suffice to move between stable outcomes. This result is used to obtain no-selection and almost-no-selection results under the stochastic stability concept for uniform and payoff-dependent errors. There is no-selection of partner or...
Persistent link: https://www.econbiz.de/10010757111
The ability to share intentions and adjust one's choices in collaboration with others is a fundamental aspect of human nature. We discuss the forces that would have acted for and against the evolution of this ability for a large class of dilemmas and coordination problems that would have been...
Persistent link: https://www.econbiz.de/10011211971