×

Asymptotic stability in replicator dynamics derived from TU games. (English) Zbl 1525.91041

Summary: We study the asymptotic stability in replicator dynamics derived from TU games using the dual Lovász-Shapley value and the Shapley\(^2\) value for non-negatively weighted games. In particular, we provide a complete description of asymptotically stable population profiles in both dynamics. In the dual Lovász-Shapley replicator dynamic, for example, asymptotically stable populations for simple monotonic games correspond to their minimal blocking coalitions.

MSC:

91A22 Evolutionary games
34D20 Stability of solutions to ordinary differential equations
91A12 Cooperative games
Full Text: DOI

References:

[1] Algaba, E.; Bilbao, J. M.; Fernandez, J. R.; Jimenez, A., The Lovász extension of market games, Theory Decis., 56, 229-238 (2004) · Zbl 1107.91011
[2] Casajus, A., Extension operators for TU games and the Lovász extension, Discrete Appl. Math., 288, 66-73 (2021) · Zbl 1448.91015
[3] Casajus, A.; Kramm, M., The dual Lovász extension operator and the Shapley extension operator for TU games, Discrete Appl. Math., 294, 224-232 (2021) · Zbl 1457.91032
[4] Casajus, A.; Kramm, M., Solutions for non-negatively weighted TU games derived from extension operators, Oper. Res. Lett., 50, 484-487 (2022) · Zbl 1525.91013
[5] Casajus, A.; Wiese, H., Scarcity, competition, and value, Int. J. Game Theory, 46, 2, 295-310 (2017) · Zbl 1388.91020
[6] Casajus, A.; Kramm, M.; Wiese, H., Asymptotic stability in the Lovász-Shapley replicator dynamic for cooperative games, J. Econ. Theory, 186, Article 104993 pp. (2020) · Zbl 1432.91021
[7] Filippov, A. F., Differential Equations with Discontinuous Righthand Sides (1988), Kluwer · Zbl 0664.34001
[8] Kannai, Y., The core and balancedness, (Aumann, R. J.; Hart, S., Handbook of Game Theory with Economic Applications, vol. 1 (1992), North-Holland), 355-395, (Ch. 12) · Zbl 0968.91503
[9] Lovász, L., Submodular functions and convexity, (Bachem, A.; Gröstschel, M.; Korte, B., Mathematical Programming: The State of the Art (1983), Springer: Springer Berlin), 235-257 · Zbl 0566.90060
[10] Mailath, G. J., Do people play Nash equilibrium? Lessons from evolutionary game theory, J. Econ. Lit., 36, 1347-1374 (1998)
[11] Samuelson, L., Evolution and game theory, J. Econ. Perspect., 16, 47-66 (2002)
[12] Shapley, L. S., A value for n-person games, (Kuhn, H.; Tucker, A., Contributions to the Theory of Games, vol. II (1953), Princeton University Press: Princeton University Press Princeton), 307-317 · Zbl 0050.14404
[13] Sydsaeter, K.; Hammond, P.; Seierstad, A.; Strom, A., Further Mathematics for Economic Analysis (2008), Pearson Education
[14] Winter, E., The Shapley value, (Aumann, R. J.; Hart, S., Handbook of Game Theory with Economic Applications, vol. 3 (2002), North-Holland), 2025-2054, (Ch. 53)
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.