Evolution with Delay
Niigata Sangyo University
Japanese Economic Review, Vol. 53, pp. 114-133, 2002
This paper analyses evolutionary models with delays in players' observations. I apply best response dynamics to symmetric 2 X 2 games, in particular the coordination game and the game with no symmetric pure strategy equilibrium. When the dynamics have no delay, their solutions converge to symmetric Nash equilibria monotonically. However when I introduce delays to the dynamics, although these dynamics represented by differential difference equations are seemingly simple, it shows that they have periodic solutions.
Number of Pages in PDF File: 20
JEL Classification: C79Accepted Paper Series
Date posted: March 25, 2003
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