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Pairwise Imitation and Tournament Graphs

INTERNATIONAL ECONOMIC REVIEW2026-08

Hwang, Sung-Ha | Neary, Philip R | Newton, Jonathan | Sawa, Ryoji

This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one-shot stability result for stochastic stability. Applications include Cournot competition, strategic complements and substitutes, externalities, Nash demand games, and status-seeking contests. The analysis highlights the competing roles of spite effects and perturbations in favoring relative success versus efficiency.

Publisher
WILEY
Issue Date
2026-08
Article Type
Article
Citation
INTERNATIONAL ECONOMIC REVIEW, Vol.67, No.3, pp.937 - 955
ISSN
0020-6598
DOI
10.1111/iere.70059
콘텐츠담당자 : 최희정 연락처 : 02-958-3604

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