Equilibrium selection in coordination games with simultaneous play

B-Tier
Journal: Economic Theory
Year: 2002
Volume: 20
Issue: 4
Pages: 793-807

Authors (2)

Per Svejstrup Hansen (not in RePEc) Oddvar M. Kaarbøe (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We apply the dynamic stochastic framework proposed in recent evolutionary literature to a class of coordination games played simultaneously by the entire population. In these games payoffs, and hence best replies, are determined by a summary statistic of the population strategy profile. We demonstrate that with simultaneous play, the equilibrium selection depends crucially on how best responses to the summary statistic remain piece-wise constant. In fact, all the strict Nash equilibria in the underlying stage game can be made stochastically stable depending on how the best response mapping generates piece-wise constant best responses.

Technical Details

RePEc Handle
repec:spr:joecth:v:20:y:2002:i:4:p:793-807
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25