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When envy helps explain coordination

Author

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  • Thierry Vignolo

    (LA.M.E.T.A)

Abstract

This paper identifies a class of symmetric coordination games in which the presence of envious people helps players to coordinate on a particular strict Nash equilibrium. In these games, the selected equilibrium is always risk-dominant. We also find that envious preferences are evolutionary stable when they lead to Pareto-efficiency.

Suggested Citation

  • Thierry Vignolo, 2005. "When envy helps explain coordination," Economics Bulletin, AccessEcon, vol. 3(12), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-05c70011
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Envy Coordination games Risk-dominance Evolutionary stability;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D6 - Microeconomics - - Welfare Economics

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