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Evolutionary bargaining with intentional idiosyncratic play

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  • Naidu, Suresh
  • Hwang, Sung-Ha
  • Bowles, Samuel

Abstract

We study equilibrium selection in stochastic evolutionary bargaining games in which idiosyncratic play is intentional instead of random. In contract games, the stochastically stable state selected by intentional idiosyncratic play is the Nash bargain, rather than the usual Kalai-Smorodinsky solution.

Suggested Citation

  • Naidu, Suresh & Hwang, Sung-Ha & Bowles, Samuel, 2010. "Evolutionary bargaining with intentional idiosyncratic play," Economics Letters, Elsevier, vol. 109(1), pages 31-33, October.
    • Handle: RePEc:eee:ecolet:v:109:y:2010:i:1:p:31-33
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    References listed on IDEAS

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