We apply gradient dynamics to population games with continuous action spaces. The application features Veblen-esque consumers whose preferences include a rank dependent component. The spontaneous formation and disappearance of shock waves is a central feature caused by the nonlinearity of the...

The authors analyze a continuous time model with a Walrasian labor market and a random search retail market with prices set on a take-it or leave-it basis. The equilibrium distribution of money holdings is the asymptotic steady state of this stochastic process. There is a unique uniform price...