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Viscosity and dispersion in an evolutionary model of learning

Kolstad, Ivar
Working paper
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URI
http://hdl.handle.net/11250/162908
Date
2002-03
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  • Discussion papers (SAM) [578]
Abstract
A two-population evolutionary model of learning is proposed where

there is a conflict of interests between populations, and where

interaction ranges from complete viscosity to complete dispersion. The

long run stochastically stable states under complete viscosity match

those of Kandori, Mailath and Rob (1993). With complete dispersion,

the long run stochastically stable states match those of Hehenkamp

(2001). With fluid interaction, there is a possibility of convention

coexistence. Welfare properties of the long run stochastically stable

states are examined using utilitarian and Rawlsian measures of welfare.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2002:7

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