Evolution and Endogenous Interactions

George Mailath, Larry Samuelson and Avner Shaked
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Avner Shaked: University of Bonn

Game Theory and Information from University Library of Munich, Germany

Abstract: We examine an evolutionary model with "local interactions," so that some agents may be more likely to interact than others. We show that equilibrium strategy choices with given local interactions correspond to correlated equilibria of the underlying game, suggesting an new interpretation for correlated equilibrium. We then allow the pattern of interactions itself to be shaped by evolutionary pressures. If agents do not have the ability to avoid unwanted interactions, the heterogeneous outcomes can appear, including outcomes in which different groups play different Pareto ranked equilibria. If agents do have the ability to avoid undesired interaction, then we derive conditions under which outcomes must be not only homogeneous but efficient.

JEL-codes: C7 D8 (search for similar items in EconPapers)
Date: 1994-10-26
Note: Three tex files; use georgbi.bib and larrybib.bib in george.tex
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Related works:
Working Paper: Evolution and Endogenous Interations (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:9410003

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