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Viscous population equilibria

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Author Info

  • Myerson, Roger B.
  • Pollock, Gregory B.
  • Swinkels, Jeroen M.

Abstract

Viscosity in a biological population is the tendency of individuals to have a higher rate of interactions with their closer relatives than with similar numbers of more distantly related individuals. This paper presents a simple method of equilibrium analysis to predict the effect of viscosity in biological games. Taking the limit as viscosity goes to zero, a set of fluid population equilibria is defined. The set of fluid population equilibria is nonempty and includes all evolutionary stable strategies.

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File URL: http://www.sciencedirect.com/science/article/B6WFW-4CYGSTV-33/2/30a3d4db540861ed0d05b1383039a1f4
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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 3 (1991)
Issue (Month): 1 (February)
Pages: 101-109

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Handle: RePEc:eee:gamebe:v:3:y:1991:i:1:p:101-109

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Web page: http://www.elsevier.com/locate/inca/622836

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  1. David Kreps & Robert Wilson, 1998. "Sequential Equilibria," Levine's Working Paper Archive 237, David K. Levine.
  2. E. Kohlberg & J.-F. Mertens, 1998. "On the Strategic Stability of Equilibria," Levine's Working Paper Archive 445, David K. Levine.
  3. Swinkels, J., 1991. "Evolutionary Stability with Equilibrium Entrants," Papers 9, Stanford - Institute for Thoretical Economics.
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