Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10001170759
Persistent link: https://www.econbiz.de/10013360811
Persistent link: https://www.econbiz.de/10000858556
Persistent link: https://www.econbiz.de/10000858557
In his work on market signaling, Spence proposed a dynamic model of a signaling market in which a buyer revises prices in light of experience and sellers choose utility-maximizing signals given these prices. Spence also suggested that subjecting the dynamic process to rare perturbations might...
Persistent link: https://www.econbiz.de/10009697462
This paper develops an approach to equilibrium selection in game theory based on studying the equilibriating process through which equilibrium is achieved. The differential equations derived from models of interactive learning typically have stationary states that are not isolated. Instead, Nash...
Persistent link: https://www.econbiz.de/10009697463
Persistent link: https://www.econbiz.de/10001349775
Persistent link: https://www.econbiz.de/10001350062
Persistent link: https://www.econbiz.de/10001585697
Persistent link: https://www.econbiz.de/10001216877