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Learning in Potential Games

Author

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  • Y.M. Ermoliev
  • S.D. Flam

Abstract

We consider repeated play of so-called potential games. Numerous modes of play are shown to yield Nash equilibrium in the long run. We point to procedures that can account for society-wide constraints concerning efficiency.

Suggested Citation

  • Y.M. Ermoliev & S.D. Flam, 1997. "Learning in Potential Games," Working Papers ir97022, International Institute for Applied Systems Analysis.
    • Handle: RePEc:wop:iasawp:ir97022
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    File URL: http://www.iiasa.ac.at/Publications/Documents/IR-97-022.pdf
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    References listed on IDEAS

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    1. Sjostrom, Tomas & Weitzman, Martin L., 1996. "Competition and the evolution of efficiency," Journal of Economic Behavior & Organization, Elsevier, vol. 30(1), pages 25-43, July.
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    3. Drew Fudenberg & David K. Levine, 1998. "The Theory of Learning in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061945, December.
    4. Vega-Redondo Fernando, 1993. "Competition and Culture in an Evolutionary Process of Equilibrium Selection: A Simple Example," Games and Economic Behavior, Elsevier, vol. 5(4), pages 618-631, October.
    5. Flam, Sjur Didrik, 1996. "Approaches to economic equilibrium," Journal of Economic Dynamics and Control, Elsevier, vol. 20(9-10), pages 1505-1522.
    6. Foster, Dean P. & Young, H. Peyton, 1998. "On the Nonconvergence of Fictitious Play in Coordination Games," Games and Economic Behavior, Elsevier, vol. 25(1), pages 79-96, October.
    7. Monderer, Dov & Shapley, Lloyd S., 1996. "Fictitious Play Property for Games with Identical Interests," Journal of Economic Theory, Elsevier, vol. 68(1), pages 258-265, January.
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    Cited by:

    1. de Vries, F.P., 1999. "The Behavioral Firm and Its Internal Game : Evolutionary Dynamics of Decision Making," Other publications TiSEM 81ac857a-7637-49d8-a52e-3, Tilburg University, School of Economics and Management.

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