Ownership and Trade from Evolutionary Games
Posted: 5 Sep 2002
Two new evolutionary game models are presented where ownership and trade emerge from anarchy as evolutionary stable strategies. In these models, ownership status provides an endogenous asymmetrizing criterion enabling cheaper resolution of property conflicts.
Keywords: property, trade, evolutionary games, ownership, game theory, sociobiology, property rights
JEL Classification: K0,C7,C73,K1,K2,D7,L0,Z1,E11
Suggested Citation: Suggested Citation