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The Evolution of conventions with Mobile Players

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  • Tone Dieckmann

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    Abstract

    This paper analyzes the evolution of conventions in a society with local interaction and mobile players. Three innovative aspects are introduced: Imperfect observability of play outside a player's home location, friction in the strategy adjustment process, and restriced mobility. It is shown that, if mobility is unrestriced, only efficient conventions are stochastichally stable. If there are barriers on mobility, the coexistence of different conventions can be observed. While imperfect observability and friction alone cannot revent society from reaching an overall efficient outcome, restricted mobility can.

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    Bibliographic Info

    Paper provided by Department of Economics, Finance and Accounting, National University of Ireland - Maynooth in its series Economics, Finance and Accounting Department Working Paper Series with number n720897.

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    Date of creation: Aug 1997
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    Handle: RePEc:may:mayecw:n720897

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    Web page: http://economics.nuim.ie
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    Keywords: information; political aspects;

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    References

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    1. Anderlini, Luca & Ianni, Antonella, 1996. "Path Dependence and Learning from Neighbors," Games and Economic Behavior, Elsevier, vol. 13(2), pages 141-177, April.
    2. Kandori, M. & Mailath, G.J., 1991. "Learning, Mutation, And Long Run Equilibria In Games," Papers 71, Princeton, Woodrow Wilson School - John M. Olin Program.
    3. Glen Ellison, 2010. "Learning, Local Interaction, and Coordination," Levine's Working Paper Archive 391, David K. Levine.
    4. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
    5. Robson, Arthur J. & Vega-Redondo, Fernando, 1996. "Efficient Equilibrium Selection in Evolutionary Games with Random Matching," Journal of Economic Theory, Elsevier, vol. 70(1), pages 65-92, July.
    6. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
    7. Blume Lawrence E., 1993. "The Statistical Mechanics of Strategic Interaction," Games and Economic Behavior, Elsevier, vol. 5(3), pages 387-424, July.
    8. repec:att:wimass:9410 is not listed on IDEAS
    9. Vega-Redondo Fernando, 1995. "Expectations, Drift, and Volatility in Evolutionary Games," Games and Economic Behavior, Elsevier, vol. 11(2), pages 391-412, November.
    10. Bhaskar, V & Vega-Redondo, F, 1996. "Migration and the Evolution of Conventions," UFAE and IAE Working Papers 354.96, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    11. Joerg Oechssler, 1994. "Decentralization and the Coordination Problem," Game Theory and Information 9403004, EconWPA.
    12. Eshel, I. & Samuelson, L. & Shaked, A., 1996. "Altruists, Egoists and Hooligans in a Local Interaction Model," Working papers 9612r, Wisconsin Madison - Social Systems.
    13. Binmore, K. & samuelson, L., 1996. "Muddling Through : Noisy Equilibrium Section," Working papers 9410r, Wisconsin Madison - Social Systems.
    14. Berninghaus, Siegfried K. & Schwalbe, Ulrich, 1996. "Evolution, interaction, and Nash equilibria," Journal of Economic Behavior & Organization, Elsevier, vol. 29(1), pages 57-85, January.
    15. Boyer, Robert & Orlean, Andre, 1992. "How Do Conventions Evolve?," Journal of Evolutionary Economics, Springer, vol. 2(3), pages 165-77, October.
    16. Ellison, G., 1996. "Basins of Attraction, Long Run Equilibria, and the Speed of Step-by- Step Evolution," Working papers 96-4, Massachusetts Institute of Technology (MIT), Department of Economics.
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    Cited by:
    1. Tone Dieckmann, 1998. "Stochastic Learning and the Evolution of Conventions," Constitutional Political Economy, Springer, vol. 9(3), pages 187-212, September.
    2. Tone Dieckmann; & Ulrich Schwalbe, 1998. "Dynamic Coalition Formation and the Core," Economics, Finance and Accounting Department Working Paper Series n810798, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
    3. Siegfried K. Berninghaus & Karl-Martin Ehrhart & Claudia Keser, 2000. "Conventions and Local Interaction Structures: Experimental Evidence," CIRANO Working Papers 2000s-36, CIRANO.

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