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Journal article

Equilibrium Selection in Bargaining Models.

Abstract:
This paper examines evolutionary equilibrium selection in bargaining models. We show that random best-response and continuous best-response learning dynamics give rise to (different) simple sufficient conditions for identifying outcomes as stochastically stable. This allows us to characterize the implications of these dynamics in simple bargaining games.

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Journal:
Games and Economic Behavior More from this journal
Volume:
45
Publication date:
2003-01-01
ISSN:
0899-8256


Language:
English
UUID:
uuid:af58d3ae-e309-45b8-9f6a-57054913dd89
Local pid:
oai:economics.ouls.ox.ac.uk:10733
Deposit date:
2011-08-16
ARK identifier:

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