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We examine an evolutionary model with "local interactions," so that agents are more likely to interact with some agents than with others. We first review the result that equilibrium strategy choices with given local interactions correspond to correlated equilibria of the underlying game. We then...
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We consider a market with "red" and "green" workers, where labels are payoff irrelevant. Workers may acquire skills. Skilled workers search for vacancies, while firms search for workers. A unique symmetric equilibrium exists in which color is irrelevant. There are also asymmetric equilibria in...
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This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
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This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
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