Showing 1 - 10 of 52
This paper presents a unified framework to study the co-evolution of networks and play, using the language of evolutionary game theory. We show by examples that the set-up is rich enough to encompass many recent models discussed by the literature. We completely characterize the invariant...
Persistent link: https://www.econbiz.de/10008480470
We consider a co-evolutionary model of social coordination and network formation whereagents may decide on an action in a 2 x 2- coordination game and on whom to establish costly links to. We find that a payoff dominant convention is selected for a wider parameter range when agents may only...
Persistent link: https://www.econbiz.de/10008503140
Persistent link: https://www.econbiz.de/10003928973
Persistent link: https://www.econbiz.de/10003928974
Persistent link: https://www.econbiz.de/10009620356
Persistent link: https://www.econbiz.de/10009243211
Persistent link: https://www.econbiz.de/10009708144
In this paper we prove a deterministic approximation theorem for a sequence of Markov decision processeswith finitely many actions and general state spaces as they appear frequently in economics, game theory and operations research. Using viscosity solution methods no a-priori differentiabililty...
Persistent link: https://www.econbiz.de/10009713938
This note contains complementary information to the paper Staudigl and Steg (2014). We present a martingale characterization of continuation payoff processes in a class of repeated games with imperfect public monitoring. Our martingale approach allows us to work out a clear connection between...
Persistent link: https://www.econbiz.de/10010406211
Persistent link: https://www.econbiz.de/10008937459