Josef Hofbauer:
Abstract.
A new framework for equilibrium selection is presented:
Playing games recurrently in space and time may render one of
the equilibria `spatially dominant':
Prevailing initially on a large enough finite part of the space it will
take over on the whole space in the long run. In particular it will drive
out the other equilibria along travelling waves.
This new dominance concept is compared with the
Harsanyi-Selten risk-dominance concept.