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Evolutionary foundations of aggregate-taking behavior

Author

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  • Alex Possajennikov
Abstract
I show that aggregate-taking behavior is often evolutionarily stable for finite population in symmetric games in which payoff depends only on own strategy and an aggregate. I provide economic examples exhibiting this phenomenon. Copyright Springer-Verlag Berlin Heidelberg 2003

Suggested Citation

  • Alex Possajennikov, 2003. "Evolutionary foundations of aggregate-taking behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 921-928, June.
    • Handle: RePEc:spr:joecth:v:21:y:2003:i:4:p:921-928
    DOI: 10.1007/s00199-002-0261-3
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    Citations

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    Cited by:

    1. Birgitte Sloth & Hans Whitta-Jacobsen, 2011. "Economic Darwinism," Theory and Decision, Springer, vol. 70(3), pages 385-398, March.
    2. Schipper, Burkhard C., 2009. "Imitators and optimizers in Cournot oligopoly," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1981-1990, December.
    3. Hehenkamp, B. & Leininger, W. & Possajennikov, A., 2004. "Evolutionary equilibrium in Tullock contests: spite and overdissipation," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1045-1057, November.
    4. Acemoglu, Daron & Jensen, Martin Kaae, 2013. "Aggregate comparative statics," Games and Economic Behavior, Elsevier, vol. 81(C), pages 27-49.
    5. Burkhard C. Schipper, 2021. "The evolutionary stability of optimism, pessimism, and complete ignorance," Theory and Decision, Springer, vol. 90(3), pages 417-454, May.
    6. Carlos Alós-Ferrer & Fei Shi, 2012. "Imitation with asymmetric memory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(1), pages 193-215, January.
    7. repec:zbw:rwirep:0497 is not listed on IDEAS
    8. Grossmann, Martin & Dietl, Helmut, 2015. "Heterogeneous outside options in contests," European Journal of Political Economy, Elsevier, vol. 37(C), pages 280-287.
    9. Carlos Alós-Ferrer & Nick Netzer, 2015. "Robust stochastic stability," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(1), pages 31-57, January.
    10. Burkhard C. Schipper & Peter Duersch & Joerg Oechssler, 2010. "Pure Saddle Points and Symmetric Relative Payoff Games," Working Papers 301, University of California, Davis, Department of Economics.
    11. Peter Duersch & Jörg Oechssler & Burkhard Schipper, 2012. "Pure strategy equilibria in symmetric two-player zero-sum games," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(3), pages 553-564, August.
    12. Wolfgang Leininger, 2004. "Fending off one Means Fending off all: Evolutionary Stability in Submodular Games (new title: Fending off one means fending off all: evolutionary stability in quasi-submodular aggregative games)," CESifo Working Paper Series 1266, CESifo.
    13. Aloys L. Prinz, 2019. "Indirect Evolution and Aggregate-Taking Behavior in a Football League: Utility Maximization, Profit Maximization, and Success," Games, MDPI, vol. 10(2), pages 1-12, May.
    14. Luis C. Corchón, 2021. "Aggregative games," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 12(1), pages 49-71, March.
    15. Wagener, Andreas, 2016. "Contests, private provision of public goods and evolutionary stability," Economics Letters, Elsevier, vol. 138(C), pages 34-37.
    16. Helmut Dietl & Martin Grossmann & Andreas Hefti & Markus Lang, 2015. "Spillovers in Sports Leagues with Promotion and Relegation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(1), pages 59-74, February.
    17. Possajennikov, Alex, 2015. "Conjectural variations in aggregative games: An evolutionary perspective," Mathematical Social Sciences, Elsevier, vol. 77(C), pages 55-61.
    18. Jonas Hedlund, 2015. "Imitation in Cournot oligopolies with multiple markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(3), pages 567-587, November.
    19. Leininger, Wolfgang & Moghadam, Hamed M., 2014. "Evolutionary Stability in Asymmetric Oligopoly. A Non-Walrasian Result," Ruhr Economic Papers 497, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    20. Wolfgang Leininger & Hamed Moghadam, 2014. "Evolutionary Stability in Asymmetric Oligopoly. A Non-Walrasian Result," Ruhr Economic Papers 0497, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.

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