Ownership and Trade from Evolutionary Games

Details Ownership and Trade from Evolutionary Games Ownership and Trade from Evolutionary Games

2002-10-30

arxiv.org/abs/physics/0210125v1

International Review of Law and Economics, Vol. 23, No. 2, pp. 183-197, 2003

Physics

Biological Physics

See http://www.columbia.edu/~kky2001/ for related articles on author's personal web page

Scientific paper

Ownership and trade emerge from anarchy as evolutionary stable strategies. In
these evolutionary game models, ownership status provides an endogenous
asymmetrizing criterion enabling cheaper resolution of property conflicts.

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