Walras and Darwin: an odd couple? |
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| Authors: | Reinoud Joosten |
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| Institution: | (1) School of Business, Public Administration and Technology, University of Twente, POB 217, 7500 AE Enschede, The Netherlands |
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| Abstract: | General equilibrium theory and the evolutionary branches of economics and game theory take rather opposite positions in the spectrum covered by the economic science. However, we reveal and explore analogies between Darwinian dynamics and Walrasian tatonnement processes for pure exchange economies, as well as further analogies implied by these. |
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| Keywords: | General equilibrium theory Evolutionary game theory |
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