EconPapers    
Economics at your fingertips  
 

On the Dynamic Foundation of Evolutionary Stability in Continuous Models

Jörg Oechssler and Frank Riedel

No 7/2000, Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE)

Abstract: We show in this paper that none of the existing static evolutionary stability concepts (ESS, CSS, uninvadability, NIS) is sufficient to guarantee dynamic stability in the weak topology with respect to standard evolutionary dynamics if the strategy space is continuous. We propose a new concept, evolutionary robustness, which is stronger than the previous concepts. Evolutionary robustness ensures dynamic stability for replicator dynamics in doubly symmetric games.

Keywords: replicator dynamics; evolutionary stability; ESS; CSS (search for similar items in EconPapers)
JEL-codes: C70 C72 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/78391/1/bgse7_2000.pdf (application/pdf)

Related works:
Journal Article: On the Dynamic Foundation of Evolutionary Stability in Continuous Models (2002) Downloads
Working Paper: On the Dynamic Foundation of Evolutionary Stability in Continuous Models (2000) Downloads
Working Paper: On the dynamic foundation of evolutionary stability in continuous models (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:bonedp:72000

Access Statistics for this paper

More papers in Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics (econstor@zbw-workspace.eu).

 
Page updated 2024-12-14
Handle: RePEc:zbw:bonedp:72000