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  • Search: subject:"Pareto-Efficient vs. Risk- Dominant Equilibrium"
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Year of publication
Subject
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Coordination Games 1 Equilibrium Selection 1 Pareto-Efficient vs. Risk- Dominant Equilibrium 1 Polya-Urn Schemes 1
Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Fagiolo, Giorgio 1
Institution
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Laboratory of Economics and Management (LEM), Scuola Superiore Sant'Anna 1
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LEM Papers Series 1
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RePEc 1
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A Note on Equilibrium Selection in Polya-Urn Coordination Games
Fagiolo, Giorgio - Laboratory of Economics and Management (LEM), Scuola … - 2005
We study equilibrium selection in coordination games played by a population whose size increases over time. In each time period, a new player enters the economy, observes current strategy shares and irreversibly chooses a strategy on the basis of expected payoffs. We employ a simple Polya-Urn...
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