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What constitutes a convention? Implications for the coexistence of conventions
by
Kolstad, Ivar
in
Behavior
/ Communication
/ Conventions
/ Coordination
/ Equilibrium
/ Equilibrium theory
/ Evolutionary economics
/ Game theory
/ Games
/ Games of strategy
/ Population
/ Robustness
/ Social space
/ Studies
2006
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What constitutes a convention? Implications for the coexistence of conventions
by
Kolstad, Ivar
in
Behavior
/ Communication
/ Conventions
/ Coordination
/ Equilibrium
/ Equilibrium theory
/ Evolutionary economics
/ Game theory
/ Games
/ Games of strategy
/ Population
/ Robustness
/ Social space
/ Studies
2006
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Do you wish to request the book?
What constitutes a convention? Implications for the coexistence of conventions
by
Kolstad, Ivar
in
Behavior
/ Communication
/ Conventions
/ Coordination
/ Equilibrium
/ Equilibrium theory
/ Evolutionary economics
/ Game theory
/ Games
/ Games of strategy
/ Population
/ Robustness
/ Social space
/ Studies
2006
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What constitutes a convention? Implications for the coexistence of conventions
Journal Article
What constitutes a convention? Implications for the coexistence of conventions
2006
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Overview
A model of repeated play of a coordination game, in which stage games have a location in social space and players receive noisy signals of the true location of their games, is reviewed. Sugden (1995) (The coexistence of conventions. J Econ Behav Organ 28:241-256) suggests that, in such a model, there can be a stationary state of convention coexistence only if interaction is non-uniform across social space. This paper shows that an alternative definition of conventions, which links conventions to actions rather than expectations, permits convention coexistence when interaction is uniform. To assess robustness, the concept of a global mutant is introduced, to which certain states of coexistence are robust. [PUBLICATION ABSTRACT]
Publisher
Springer Nature B.V
Subject
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