Showing 1 - 10 of 4,382
The concept of Rationalizability has been used in the last fifteen years to study stability of equilibria on models with continuum of players such as standard competitive markets, macroeconomic dynamics and currency attacks. However, Rationalizability has been formally defined in a general...
Persistent link: https://www.econbiz.de/10010739044
The concept of rationalizability has been used in the last fifteen years to study stability of equilibria in models with a continuum of agents such as competitive markets, macroeconomic dynamics and currency attacks. However, rationalizability has been formally defined in general settings only...
Persistent link: https://www.econbiz.de/10010573669
Persistent link: https://www.econbiz.de/10009390843
We consider an economic model that features: 1. a continuum of agents 2. an aggregate state of the world over which agents have an infinitesimal influence. We first propose a review, based on work by Jara (2007), of the connections between the eductive viewpoint that puts emphasis on Strongly...
Persistent link: https://www.econbiz.de/10010738797
assumptions, the Poincaré-Hopf method leads to global results for strong rationality of equilibrium. At the local level, the …
Persistent link: https://www.econbiz.de/10010739080
Weighted values of non-atomic games were introduced by Hart and Monderer. These values have been studied by using three approaches: the potential, the asymptotic and the random order approach. In this study we analyze the axiomatic approach for one class of weight functions: the set of players...
Persistent link: https://www.econbiz.de/10010950172
Weighted values of non-atomic games were introduced by Hart and Monderer. These values have been studied by using three approaches: the potential, the asymptotic and the random order approach. In this study we analyze the axiomatic approach for one class of weight functions: the set of players...
Persistent link: https://www.econbiz.de/10010759381
Persistent link: https://www.econbiz.de/10005032081
Persistent link: https://www.econbiz.de/10004074733
We examine local strong rationality (LSR) in multivariate models with both forward-looking expectations and …
Persistent link: https://www.econbiz.de/10005464123