Behavioral Equilibria for a 2x2 "Seller-Buyer" Game Evolutionary Model

Authors:   Kryazhimskiy AV

Publication Year:   1994

Reference:  IIASA Working Paper WP-94-131

Abstract

Equilibric behaviors typical for differential and multi-step games are defined for a 2 by 2 evolutionary game (two populations of players, two strategies for each player) roughly modeling interactions between sellers and buyers. It is shown that currently optimal behaviors of individuals form long-run equilibric dynamics at both individual and population levels.

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