Ownership and Trade from Evolutionary Games
Abstract
Description
Ownership and trade emerge from anarchy as evolutionary stable strategies. In these evolutionary game models, ownership status provides an endogenous asymmetrizing criterion enabling cheaper resolution of property conflicts.
See http://www.columbia.edu/~kky2001/ for related articles on author's personal web page
See http://www.columbia.edu/~kky2001/ for related articles on author's personal web page