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In this paper I consider a class of a gradual adjustment rules. I discuss conditions under which such a rule can be considered as an attempt to maximize a utility function. I also demonstrate that the optimal adjustment rule does not exists, i. e. no adjustment rule allows to arrive at the...
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In this paper I take a dynamic point of view and give an example of a population game and of a locally improving stochastic learning process such that the quantal response equilibrium assigns to the different strategies the probabilities that are non-monotone in the payoffs. Moreover, if the...
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Preface -- Mathematical preliminaries -- Constraint optimization -- Market interactions -- The consumer theory -- The … producer theory -- General equilibrium -- Choice and uncertainty -- Strategic interactions -- Game theory -- Theory of … -- Introduction to auctions -- Mathematical appendix -- The formal logic -- Basics of set theory -- Solutions of some equations …
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Law; References; Part III Game Theory and Mechanism Design; References; 6 Game Theory; 6.1 The Normal Form and the …
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