Coordination and evolutionary dynamics: When are evolutionary models reliable?
نویسندگان
چکیده
منابع مشابه
Dynamics in stochastic evolutionary models
We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions and con ict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China. JEL Classi cation Numbers: C73 (Evolutionary Games)
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2019
ISSN: 0899-8256
DOI: 10.1016/j.geb.2018.10.002