Showing 1 - 10 of 51
Persistent link: https://www.econbiz.de/10000730695
Persistent link: https://www.econbiz.de/10013400981
Persistent link: https://www.econbiz.de/10002609783
Persistent link: https://www.econbiz.de/10002609797
We define an indirect evolutionary approach formally and apply it to (Tullock)contests. While it is known (Leininger, 2003) that the direct evolutionary approach in the form of finite population ESS (Schaffer, 1988) yields more aggressive behavior than in Nash equilibrium, it is now shown that...
Persistent link: https://www.econbiz.de/10003728964
The implications of evolutionarily stable behavior in finite populations have recently been explored for a variety of aggregative games. This note proves an intimate relationship between submodularity and global evolutionary stability of strategies for these games, which - apart from being of...
Persistent link: https://www.econbiz.de/10011450647
We analyze group contests for public goods by applying the solution concept of an evolutionary stable strategy (ESS). We show that a global ESS cannot exist, because a mutant free-rider can always invade group behavior successfully. There does exist, however, a unique local ESS, which we...
Persistent link: https://www.econbiz.de/10011409788
Persistent link: https://www.econbiz.de/10002609946
The implications of evolutionarily stable behavior in finite populations have recently been explored for a variety of aggregative games. This note proves an intimate relationship between submodularity and global evolutionary stability of strategies for these games, which -apart from being of...
Persistent link: https://www.econbiz.de/10002418273
Persistent link: https://www.econbiz.de/10001718650