On the Existence of Pareto Optimal Endogenous Matching

Darong Dai

MPRA Paper from University Library of Munich, Germany

Abstract: In the current paper, we study the asymmetric normal-form game between two heterogeneous groups of populations by employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a stochastic differential cooperative game on time, is derived by introducing optimal-stopping technique into evolutionary game theory, which combines with the Pareto optimal standard leads us to the existence of Pareto optimal endogenous matching.

Keywords: Stochastic differential cooperative game on time; Endogenous matching; Fair matching; Pareto optimality; Adaptive learning (search for similar items in EconPapers)
JEL-codes: C62 C70 C78 (search for similar items in EconPapers)
Date: 2012-12-02
New Economics Papers: this item is included in nep-evo, nep-gth and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43125

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