Long-run Evolution of Local Interaction Structures in Games
In game-theoretical models with local interaction it is usually assumed that fixed local interaction structures are imposed exogenously and do not evolve during the course of the game. However, this assumption does not make much sense in economics. We model the evolution of interaction structures by applying a simple version of J. Holland`s Genetic Algorithm. As one of the main result we are able to characterize the local interaction structures surviving in the long run. Furthermore, by interpreting our results in an institutional framework we gain new insight into the working of Rawls` principle of distributional justice.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||01 Sep 1998|
|Note:||Financial Support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged. In carrying out this project, we benefited very much from the discussion in the seminar on Genetic Algorithms at the University of Karlsruhe.|
|Contact details of provider:|| Postal: D-68131 Mannheim|
Phone: (49) (0) 621-292-2547
Fax: (49) (0) 621-292-5594
Web page: http://www.sfb504.uni-mannheim.de/
More information through EDIRC
Web page: http://www.sfb504.uni-mannheim.de
|Order Information:|| Email: |