In this paper we study the configuration dynamics and the societal equilibrium selection of repeated lattice games. Each player plays games only with his immediate neighbors hence indirectly interacts with everyone else. A player may or may not have perfect control over his action. Different updating orderings at the society level are adopted and compared. The following conclusions are reached. (i) Under best-response dynamics the society locks in with probability one to a pure-strategy Nash configuration for the class of (weakly) acyclic lattice games when players do not move simultaneously. (ii) Under limited control, the configuration dynamics is ergodic with a unique invariant distribution having an explicit Gibbs representation. (iii) By allowing imperfect control over action to become perfect the Pareto Dominant Nash configurations will be selected stochastically.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Duke University, Department of Economics in its series Working Papers with number
95-32.
Length: Date of creation: 1995 Date of revision: Handle: RePEc:duk:dukeec:95-32
Contact details of provider: Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097 Phone: (919) 660-1800 Fax: (919) 684-8974 Web page: http://www.econ.duke.edu/
For technical questions regarding this item, or to correct its listing, contact: (Department of Economics Webmaster).
Did you know? Citation analysis on IDEAS includes online papers that are freely accessible and whose text could be automatically analyzed, currently about 150000 papers.