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| Thierry Vignolo |
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| ''When envy helps explain coordination'' |
| ( 2005, Vol. 3 No.12 ) |
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| 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. |
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| Keywords: Envy Coordination games Risk-dominance Evolutionary stability |
JEL:
D6 - Welfare Economics: General |
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| Manuscript Received : Mar 09 2005 | | Manuscript Accepted : Mar 09 2005 |
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