We explore evolutionary dynamics for repeated games with small, but positive complexity costs. To understand the … evolutionarily stable, and has a uniform invasion barrier, is All D. However, with sufficiently small complexity costs, indirect …

We explore evolutionary dynamics for repeated games with small, but positive complexity costs. To understand the … evolutionarily stable, and has a uniform invasion barrier, is All D. However, with sufficiently small complexity costs, indirect …

which the complexity costs of a contract are explicitly taken into accoaunt. We consider a broad (axiomatically defined …

which the complexity costs of a contract are explicitly taken into accoaunt. We consider a broad (axiomatically defined …

strategies in the class of games where complexity costs matter. As is well-known, in this game every individually rational … analysing a single extensive form, we find that complexity costs do not reduce the range of possible allocations but they do … equilibrium" with complexity costs sustain only the unique stationary subgame perfect equilibrium allocation. …