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Introduction to Stability Analysis of Discrete Dynamical Systems
Galor, Oded - EconWPA - 2004
This manuscript analyzes the fundamental factors that govern the qualitative behavior of discrete dynamical systems. It introduces methods of analysis for stability analysis of discrete dynamical systems. The analysis focuses initially on the derivation of basic propositions about the factors...
Persistent link: https://www.econbiz.de/10005561336
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Discrete Dynamical Systems
Galor, Oded - EconWPA - 2005
This manuscript analyzes the fundamental factors that govern the qualitative behavior of discrete dynamical systems. It introduces methods of analysis for stability analysis of discrete dynamical systems. The analysis focuses initially on the derivation of basic propositions about the factors...
Persistent link: https://www.econbiz.de/10005062750
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A Re-Interpretation of Nash Equilibrium Based on the Notion of Social Institutions
Carmona, Guilherme - EconWPA - 2003
We define social institutions as strategies in some repeated game. With this interpretation in mind, we consider the impact of introducing requirements on strategies which have been viewed as necessary properties for any social institution to endure. The properties we study are finite...
Persistent link: https://www.econbiz.de/10005118602
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TIME INCONSISTENCY AND LEARNING IN BARGAINING GAMES
Akin, Zafer - EconWPA - 2005
The literature on time-inconsistent preferences introduced naive, partially naive and sophisticated as types of agents that represent different levels of unawareness of agents' self-control problems. This paper incorporates time-inconsistent players in a sequential bargaining model. We first...
Persistent link: https://www.econbiz.de/10005550915
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Another Perspective on Planned obsolescence: is there really too much Innovation?
Ruiz, Juan - EconWPA - 2003
prices, that leads to inefficient delay in adoption. Combining the two types of incentives we show that the monopolist is … the parameters of the model, we could have both types of inefficiencies: planned obsolescence or delay. Delay is brought … incentive to wait for both the onset of the (lagged) externality effect and the reduction in price caused by copiers. Delay …
Persistent link: https://www.econbiz.de/10005561432
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Machine replacement, Network Externalities and Investment Cycles
Ruiz, Juan - EconWPA - 2003
than optimal, so there is too much delay. One extreme case is the possibility of inefficient collapse: for some parameters …
Persistent link: https://www.econbiz.de/10005076759