Comment on “Imitation processes with small mutations” [J. Econ. Theory 131 (2006) 251–262]

Alex McAvoy

Journal of Economic Theory, 2015, vol. 159, issue PA, 66-69

Abstract: We give an alternative proof of a result of Fudenberg and Imhof (2006) on the embedded Markov chain of an imitation process with small mutations. Our proof also extends this result to more general imitation processes that, with rare mutations, have unique stationary distributions but are not necessarily irreducible.

Keywords: Imitation dynamics; Stochastic processes (search for similar items in EconPapers)
JEL-codes: C62 C63 C73 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:159:y:2015:i:pa:p:66-69

DOI: 10.1016/j.jet.2015.05.012

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