This note demonstrates that a result on evolutionary stability, presented by Bester and Güth (1998), applies under more general preference and payoff functions.JEL Classification: C72; A13
I show that aggregate-taking behavior is often evolutionarily stable for finite population in symmetric games in which payoff depends only on own strategy and an aggregate. I provide economic examples exhibiting this phenomenon. Copyright Springer-Verlag Berlin Heidelberg 2003Keywords and Phrases: Evolution, Aggregate-taking, Aggregative games., JEL Classification Numbers: C72.,
This paper provides su¢ cient and partially necessary conditions for the equivalence of symmetric Nash and evolutionary equilibrium in symmetric games played by …nite populations. The conditions are based on generalized constant-sum and "smallness" properties, the latter of which is known from models of perfect competition and large games. The conditions are illustrated on examples including oligopoly games.Keywords: Nash equilibrium, Evolutionary stability, Finite populations JEL Codes: C72, C73
AbstractThis paper provides su¢ cient and partially necessary conditions for the equivalence of symmetric Nash and evolutionary equilibrium in symmetric games played by …nite populations. The conditions are based on generalized constant-sum and "smallness" properties, the latter of which is known from models of perfect competition and large games. The conditions are illustrated on examples including oligopoly games.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.