Article ID Journal Published Year Pages File Type
956644 Journal of Economic Theory 2014 32 Pages PDF
Abstract
This paper studies pairwise comparison dynamics for population games with continuous strategy space. We show that the pairwise comparison dynamic is well-defined if certain mild Lipschitz continuity conditions are satisfied. We establish Nash stationarity and positive correlation for pairwise comparison dynamics. Finally, we prove global convergence and local stability under general deterministic evolutionary dynamics in potential games, and global asymptotic stability under pairwise comparison dynamics in contractive games.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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