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Maxmin, coalitions and evolution

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  • Newton, Jonathan
  • Naono, Miharu

Abstract

Maxmin decision making can take place at an individual or a coalitional level. We allow evolution to choose between the two, determining the relative shares of individual and coalitional decision making. We consider factors that favor or disfavor the evolution of coalitionality and apply our framework to social dilemmas, oligopolistic price competition and voting on committees.

Suggested Citation

  • Newton, Jonathan & Naono, Miharu, 2025. "Maxmin, coalitions and evolution," Games and Economic Behavior, Elsevier, vol. 153(C), pages 474-498.
    • Handle: RePEc:eee:gamebe:v:153:y:2025:i:c:p:474-498
    DOI: 10.1016/j.geb.2025.08.002
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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