Ownership and Trade from Evolutionary Games

28 Pages Posted: 5 Aug 2002

Multiple version iconThere are 2 versions of this paper

Date Written: July 15, 2002

Abstract

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

Yee, Kenton K., Ownership and Trade from Evolutionary Games (July 15, 2002). Available at SSRN: https://ssrn.com/abstract=319102 or http://dx.doi.org/10.2139/ssrn.319102

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