orignal paper: Splitting the baby in two: solving Solomon's dilemma with boundedly rational agents

We study the dynamic implementation of the first-best forKing Solomon's Dilemma, on the assumption that boundedly rational players find their way to equilibrium using monotonic evolutionary dynamics. We find that all the mechanisms proposed by the literature fail to implement the first best dynamically and provide an alternative solution.

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Year of publication:	2000-08-01
Authors:	Ponti, Giovanni
Published in:	Journal of Evolutionary Economics. - Springer. - Vol. 10.2000, 4, p. 449-455
Publisher:	Springer
Subject:	Solomon's dilemma \| Implementation theory \| Evolutionary dynamics

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Extent:	application/pdf
Type of publication:	Article
Classification:	C72 - Noncooperative Games ; D78 - Positive Analysis of Policy-Making and Implementation ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005760516