Multi-level evolution in population games
José Canals and
Fernando Vega-Redondo
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José Canals: Dept. of Economics, University of Virginia, USA
International Journal of Game Theory, 1998, vol. 27, issue 1, 35 pages
Abstract:
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. Unlike in their context, efficiency considerations always overcome those of risk-dominance in the process of selecting the long-run equilibrium. This provides an explicitly dynamic basis for a conclusion reminiscent of those put forward in the biological literature by the so-called theories group selection. From a normative viewpoint, it suggests the potential importance of "decentralization", here understood as local and independent interaction.
Keywords: Evolution; ·; games; ·; multilevel; ·; group; selection (search for similar items in EconPapers)
Date: 1998-05-19
Note: Received April 1995/Revised version October 1996
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