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On the Truly Noncooperative Game of Island Life II: Evolutionary Stable Economic Development Strategy in Brief

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  • Funk, Matt

Abstract

This paper offers a solution to 'The Problem of Sustainable Economic Development' on islands. This hypothesis offers a foundational, sub-game solution to The Island Survival Game, a counterintuitive, dominant economic development strategy for ‘islands’ (and relatively insular states). This discourse also tables conceptual building blocks, prerequisite analytical tools, and a guiding principle for The Earth Island Survival Game, a bounded delay supergame which models 'The Problem of Sustainable Economic Development' at the global level. We begin our exploration with an introduction to The Principle of Relative Insularity, a postulate which informs ESS for ‘island’ and ‘continental’ players alike. Next, we model ‘island’ economic development with two bio-geo-politico-economic models and respective strategies: The Mustique Co. Development Plan, and The Prince Edward Island Federal-Provincial Program for Social and Economic Advancement. These diametrically opposed strategies offer an extraordinary comparative study. One island serves as a highly descriptive model for 'The Problem of Sustainable Economic Development'; the other model informs ESS. 'The Earth Island Survival Game' serves as a remarkable learning tool, offering lessons which promote islander survival, resource holding power, cooperative behaviour, and independence by illuminating the illusive path toward sustainable economic development.

Suggested Citation

  • Funk, Matt, 2009. "On the Truly Noncooperative Game of Island Life II: Evolutionary Stable Economic Development Strategy in Brief," MPRA Paper 16771, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:16771
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    File URL: https://mpra.ub.uni-muenchen.de/16771/1/MPRA_paper_16771.pdf
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    References listed on IDEAS

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    1. Funk, Matt, 2008. "On the Problem of Vague Terms: A Glossary of Clearly Stated Assumptions & Careful, Patient, Descriptions," MPRA Paper 14505, University Library of Munich, Germany.
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      Keywords

      Non-cooperative games; evolutionary game theory; relative insularity; islands; tragedy of the commons; sustainable economic development; theory of value; resource holding power; evolutionary stable strategy; natural selection; long distance dispersal;
      All these keywords.

      JEL classification:

      • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
      • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
      • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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