This article examines the evolutionary behavior of boundedly rational agents under nonconvexity and externalities. While allowing for technical and allocative inefficiency, we evaluate how producer and consumer behavior can use evolutionary rules that eventually lead to Pareto efficient allocations. We study how markets can support the convergence to efficiency, stressing that externalities and nonconvexity can require nonlinear pricing. In an evolutionary economy, we show how pricing and decentralized decisions can support moves toward Pareto efficiency under bounded rationality, nonconvexity and externalities.

中文翻译：

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非凸性和外部性下的演化经济学

本文研究了有限理性代理在非凸性和外部性下的进化行为。在允许技术和分配效率低下的同时，我们评估生产者和消费者行为如何使用最终导致帕累托有效分配的进化规则。我们研究市场如何支持效率趋同，强调外部性和非凸性可能需要非线性定价。在进化经济中，我们展示了定价和去中心化决策如何支持在有限理性、非凸性和外部性下向帕累托效率迈进。