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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.

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Metadaten
Document Type:Working Paper
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):License LogoUrheberrechtlich geschützt