Ownership and Trade from Evolutionary Games

Kenton K. Yee
2002 Social Science Research Network  
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.
doi:10.2139/ssrn.319102 fatcat:lwidxzq3njfmlewfg7usqx5fmu