Asymptotic stability in the dual Lovász-Shapley and the Shapley replicator dynamics for TU games
- Casajus, Kramm, and Wiese (2020, J. Econ. Theory 186, 104993) study the asymptotic stability in population dynamics derived from finite cooperative games with transferable utility using the Lovász-Shapley value (Casajus and Wiese, 2017, Int. J. Game Theory 45, 1-16) for non-negatively weighted games, where the players are interpreted as types of individuals. We extend their analysis to the population dynamics derived using the dual Lovász-Shapley value and the Shapley² value for non-negatively weighted games (Casajus and Kramm, HHL Working Paper 196, HHL Leipzig Graduate School of Management, Leipzig, Germany). As the former, we provide a complete description of asymptotically stable population profiles in both dynamics. In the dual Lovász-Shapley replicator dynamic, for example, any asymptotically stable population profile is characterized by a coalition: while the types in the coalition have the same positive share, the other types vanish. In the dual of the game, the per-capita productivity of such a stable coalition must be greater than the per-capita productivity of any proper sub- or supercoalition. In simple monotonic games, this means that exactly the minimal blocking coalitions are stable.
Document Type: | Working Paper |
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Language: | English |
Author: | André Casajus, Michael Kramm |
Chairs and Professorships: | Chair of Economics and Information Systems |
Full text/ URN: | urn:nbn:de:0217-28517 |
DOI: | https://doi.org/10.60734/opus-2851 |
Parent Title (English): | HHL Working paper |
ISSN: | 1864-4562 |
Series (Serial Number): | HHL-Arbeitspapier / HHL Working paper (197) |
Place of publication: | Leipzig |
Publisher: | HHL Leipzig Graduate School of Management |
Year of Completion: | 2022 |
Page Number: | 13 |
Tag: | CES production function; Dual Lovász-Shapley value; Evolutionary game theory; Shapley² value; ovász-Shapley value |
Licence (German): | Urheberrechtlich geschützt |