Showing 1 - 5 of 5
We study a setting in which individual players choose their partners as well as a mode of behavior in 2×2 anti-coordination games – games where a player’s best response is to choose an action unlike that of her partner. We characterize the equilibrium networks as well as study the effects...
Persistent link: https://www.econbiz.de/10005371503
In this paper, we analyze a generalization of the evolutionary model of Kandori, Mailath, & Rob (1993) where the population is partitioned into groups and evolution takes place "in parallel" at the following two levels: (i) within groups, at the lower level; among groups, at the higher one....
Persistent link: https://www.econbiz.de/10005375601
This paper proposes an aspiration-based dynamic model for cooperation where a large population of agents are matched afresh every period to play a Prisoner's Dilemma. At each point in time, agents hold a common aspiration level which is updated on the basis of some "population statistic", i.e. a...
Persistent link: https://www.econbiz.de/10005155760
Persistent link: https://www.econbiz.de/10005178873
Persistent link: https://www.econbiz.de/10005375706