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Large games with a bio-social typology
Khan, M. Ali; Rath, Kali P.; Sun, Yeneng; Yu, Haomiao - In: Journal of Economic Theory 148 (2013) 3, pp. 1122-1149
/or biological traits, and identify through four decisive examples, essentially based on a matching-pennies type game, pathologies … arising from the use of a Lebesgue interval for playerʼs names. In a sufficiently general context of traits and actions, we … existence and upper hemi-continuity of pure-strategy Nash equilibria in large games with traits. We illustrate the idealized …
Persistent link: https://www.econbiz.de/10011043030
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Large distributional games with traits
Khan, M. Ali; Rath, Kali P.; Yu, Haomiao; Zhang, Yongchao - In: Economics Letters 118 (2013) 3, pp. 502-505
A comprehensive theory of large strategic games with (socioeconomic and biological) traits (LSGT) has recently been … presented in Khan et al. (2012, 2013), and we present a reformulation pertaining to large distributional games with traits (LDGT). …
Persistent link: https://www.econbiz.de/10011041659
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On the space of players in idealized limit games
Qiao, Lei; Yu, Haomiao - In: Journal of Economic Theory 153 (2014) C, pp. 177-190
This paper demonstrates the class of atomless spaces that accurately models the space of players in a large game which represents an idealized limit of a sequence of finite-player games. Through two examples, we show that arbitrary atomless probability spaces, in particular, the Lebesgue unit...
Persistent link: https://www.econbiz.de/10010930794
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Pure-strategy Nash equilibria in large games : characterization and existence
Fu, Haifeng; Xu, Ying; Zhang, Luyi - In: International journal of game theory : official journal … 45 (2016) 3, pp. 685-697
Persistent link: https://www.econbiz.de/10011553948
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On the closed-graph property of the Nash equilibrium correspondence in a large game : a complete characterization
Qiao, Lei; Yu, Haomiao; Zhang, Zhixiang - In: Games and economic behavior 99 (2016), pp. 89-98
Persistent link: https://www.econbiz.de/10011771461
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Radner equilibria under ambiguous volatility
Beißner, Patrick - 2013
The present paper considers a class of general equilibrium economics when the primitive uncertainty model features uncertainty about continuous-time volatility. This requires a set of mutually singular priors, which do not share the same null sets. For this setting we introduce an appropriate...
Persistent link: https://www.econbiz.de/10010212527
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Indeterminacy of equilibrium in stochastic OLG models
Magill, Michael; Quinzii, Martine - In: Economic Theory 21 (2003) 2, pp. 435-454
This paper studies the equilibria of a stochastic OLG exchange economies consisting of identical agents living for two periods, and having the opportunity to trade a single infinitely-lived asset in constant supply. The agents have uncertain endowments and the stochastic process determining the...
Persistent link: https://www.econbiz.de/10005370690
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Core and Walrasian equilibria when agents' characteristics are extremely dispersed
Podczeck, Konrad - In: Economic Theory 22 (2003) 4, pp. 699-725
It is shown that core-Walras equivalence fails whenever the commodity space is a non-separable Banach space. The interpretation is that a large number of agents guarantees core-Walras equivalence only if there is actually a large number of agents relative to the size of the commodity space....
Persistent link: https://www.econbiz.de/10005371115
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
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Chapter 13. Local Interactions
zgr, Onur - In: Handbook of social economics : volume 1, (pp. 587-644). 2011
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are close to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10014025690