Author/Authors :
Carlos Al?s-Ferrer، نويسنده , , Simon Weidenholzer، نويسنده ,
Abstract :
We consider a circular city model as in Ellison [Ellison, G., 1993. Learning, local interaction, and coordination, Econometrica 61, 1047–1071], where agents follow imitation rules rather than myopic best-response. If interactions are neither global nor limited to the immediate neighbors, payoff-efficient equilibria, and not risk-dominant ones, can be uniquely selected
Keywords :
Local interactions , learning , Coordination games , mutation
