Evolution and utilitarianism: Social contract III

  • Ken Binmore
Article

Abstract

The paper takes the simplest possible bargaining game as a paradigm for the coordination problem—i.e. the problem of selecting an equilibrium when many are available. The aim is to explore the circumstances under which evolution will lead to a utilitarian conclusion.

Keywords

Economic Theory Social Contract Coordination Problem Bargaining Game Utilitarian Conclusion 

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Copyright information

© George Mason University 1990

Authors and Affiliations

  • Ken Binmore
    • 1
  1. 1.Department of EconomicsUniversity of MichiganAnn Arbor

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