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On economic applications of evolutionary game theory

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  • Daniel Friedman

    (Department of Economics, University of California at Santa Cruz, 212 Social Sciences I, Santa Cruz, CA 95064, USA)

Abstract

Evolutionary games have considerable unrealized potential for modeling substantive economic issues. They promise richer predictions than orthodox game models but often require more extensive specifications. This paper exposits the specification of evolutionary game models and classifies the possible asymptotic behavior for one and two dimensional models.

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Bibliographic Info

Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 8 (1998)
Issue (Month): 1 ()
Pages: 15-43

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Handle: RePEc:spr:joevec:v:8:y:1998:i:1:p:15-43

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Related research

Keywords: Evolutionary games ; Adjustment dynamics ; ESS ; Evolutionary equilibrium;

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  1. BERGIN, James & LIPMAN, Bart, 1994. "Evolution with State-Dependent Mutations," CORE Discussion Papers 1994055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Balkenborg, Dieter & Karl H. Schlag, 1996. "On the Interpretation of Evolutionary Stable Sets," Discussion Paper Serie B 313, University of Bonn, Germany.
  3. Boylan, Richard T., 1990. "Laws of Large Numbers for Dynamical Systems with Randomly Matched Individuals," Working Papers 748, California Institute of Technology, Division of the Humanities and Social Sciences.
  4. Cheung, Yin-Wong & Friedman, Daniel, 1997. "Individual Learning in Normal Form Games: Some Laboratory Results," Games and Economic Behavior, Elsevier, vol. 19(1), pages 46-76, April.
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