Oyama, Daisuke; Takahashi, Satoru; Hofbauer, Josef - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 2, pp. 155-192
This paper studies a dynamic adjustment process in a large society of forward-looking agents where payoffs are given by a normal form supermodular game. The stationary states of the dynamics correspond to the Nash equilibria of the stage game. It is shown that if the stage game has a monotone...
