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Evolutionary foundations of aggregate-taking behavior

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Author Info
Alex Possajennikov

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Abstract

I show that aggregate-taking behavior is often evolutionarily stable for finite population in symmetric games in which payoff depends only on own strategy and an aggregate. I provide economic examples exhibiting this phenomenon. Copyright Springer-Verlag Berlin Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s00199-002-0261-3
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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 21 (2003)
Issue (Month): 4 (06)
Pages: 921-928
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Handle: RePEc:spr:joecth:v:21:y:2003:i:4:p:921-928

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Related research
Keywords: Keywords and Phrases: Evolution; Aggregate-taking; Aggregative games.; JEL Classification Numbers: C72.;

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. Birgitte Sloth & Hans Jørgen Whitta-Jacobsen, 2006. "Economic Darwinism," CIE Discussion Papers 2006-01, University of Copenhagen. Department of Economics. Centre for Industrial Economics. [Downloadable!]
  2. Wolfgang Leininger, 2004. "Fending off one means fending off all:evolutionary stability in submodular games," Discussion Papers in Economics 04_03, University of Dortmund, Department of Economics. [Downloadable!]
  3. Wolfgang Leininger, 2004. "Fending off one Means Fending off all: Evolutionary Stability in Submodular Games," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. Burkhard C. Schipper, 2005. "The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance," Bonn Econ Discussion Papers bgse35_2005, University of Bonn, Germany. [Downloadable!]
    Other versions:
  5. Hehenkamp, Burkhard & Leininger, Wolfgang & Possajennikov, Alex, 2001. "Evolutionary Rent-Seeking," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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