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Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...
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framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to … economic theory has lead to new predictions and opened up doors to other social sciences. The discussion will be focused on the … in evolutionary game theory so far? What are the next challenges for evolutionary game theory in economics? …
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This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods … underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and … counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and …
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