Equilibrium selection in supermodular games with mean payoff technologies

Burkhard Hehenkamp () and Oddvar Kaarboe ()
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Burkhard Hehenkamp: Department of Economics, University of Dortmund, Postal: D-44221 Dortmund, Germany

No 08/04, Working Papers in Economics from University of Bergen, Department of Economics

Abstract: We examine an evolutionary model of equilibrium selection, where all individuals interact with each other, recurrently playing a strictly supermodular game. Individuals play (myopic) best responses to the current population profile, occa- sionally they pick an arbitrary strategy at random. To address the robustness of equilibrium selection in this simultaneous play scenario, we investigate whether different best-response approximations can lead to different long run equilibria.

Keywords: equilibrium selection; supermodular games; simultaneous play; best-response approximation (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2004-11-10
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Citations: View citations in EconPapers (1)

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Working Paper: Equilibrium Selection in Supermodular Games with Mean Payoff Technologies (2004)
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