Showing 1 - 10 of 12,433
Persistent link: https://www.econbiz.de/10012016454
Persistent link: https://www.econbiz.de/10000992928
Persistent link: https://www.econbiz.de/10001706785
Persistent link: https://www.econbiz.de/10001407097
Persistent link: https://www.econbiz.de/10001585430
We show that local potential maximizer (\cite{morris+05}) with constant weights is stochastically stable in the log-linear dynamics provided that the payoff function or the associated local potential function is supermodular. We illustrate and discuss, through a series of examples, the use of...
Persistent link: https://www.econbiz.de/10003894726
Persistent link: https://www.econbiz.de/10011544514
Persistent link: https://www.econbiz.de/10009716332
Persistent link: https://www.econbiz.de/10011448771
We present a new approach for studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary Distributional Equilibrium (MSDE), prove its existence,...
Persistent link: https://www.econbiz.de/10012829253