BORA CMI: What constitutes a convention? Implications for the coexistence of conventions

Please use this identifier to cite or link to this item: http://hdl.handle.net/10202/123

Title:	What constitutes a convention? Implications for the coexistence of conventions
Authors:	Kolstad, Ivar
Keywords:	Conventions Coordination game Equilibrium selection
Issue Date:	2004
Publisher:	Chr. Michelsen Institute
Series/Report no.:	CMI Working paper WP 2004: 3
Abstract:	A model of repeated play of a coordination game, where stage games have a location in social space, and players receive noisy signals of the true location of their games, is reviewed. Sugden (1995) suggests that in such a model, there can be a stationary state of convention coexistence only if interaction is nonuniform across social space. This paper shows that an alternative definition of conventions, which links conventions to actions rather than expectations, permits convention coexistence when interaction is uniform. To assess robustness, the concept of a global mutant is introduced, to which certain states of coexistence are robust.
URI:	http://hdl.handle.net/10202/123
ISBN:	82-8062-079-6
ISSN:	0804-3639
Appears in Collections:	CMI Collection (Reports, Working Papers, Articles etc.)

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