Rationalizability and Interactivity in Evolutionary OLG Models

We use the theory of rationalizable choices to study the survival and the extinction of types (or traits) in evolutionary OLG models. Two properties of evolutionary processes are introduced: rationalizability by a tness ordering (i.e. only the most fit types survive) and interactivity (i.e. a withdrawal of types a effects the survival of other types). Those properties are shown to be logically incompatible. We then examine whether the evolutionary processes at work in canonical evolutionary OLG models satisfy rationalizability or interactivity. We study n-types versions of the evolutionary OLG models of Galor and Moav (2002) and Bisin and Verdier (2001), and show that, while the evolutionary process at work in the former is generally rationalizable by a tness ordering, the opposite is true for the latter, which exhibits, in general, interactivity.

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Source https://pjse.hal.science/hal-00814699
Author Ponthière, Grégory
Maintainer CCSD
Last Updated May 11, 2026, 10:46 (UTC)
Created May 11, 2026, 10:46 (UTC)
Identifier hal-00814699
Language en
Rights https://about.hal.science/hal-authorisation-v1/
contributor Paris-Jourdan Sciences Economiques (PSE) ; École normale supérieure - Paris (ENS-PSL) ; Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-Institut National de la Recherche Agronomique (INRA)-École des hautes études en sciences sociales (EHESS)-École nationale des ponts et chaussées (ENPC)-Centre National de la Recherche Scientifique (CNRS)
creator Ponthière, Grégory
date 2013-04-11T00:00:00
harvest_object_id e22590ad-74d9-44ea-b313-2b1fdf522523
harvest_source_id 3374d638-d20b-4672-ba96-a23232d55657
harvest_source_title test moissonnage SELUNE
metadata_modified 2025-10-01T00:00:00
set_spec type:UNDEFINED