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

Giovanni Ponti ()

Journal of Evolutionary Economics, 2000, vol. 10, issue 4, 449-455

Abstract: 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.

Keywords: Solomon's; dilemma; -; Implementation; theory; -; Evolutionary; dynamics (search for similar items in EconPapers)
JEL-codes: C72 D78 D83 (search for similar items in EconPapers)
Date: 2000-08-01
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Citations: View citations in EconPapers (8)

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