Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10001033275
We extend the standard evolutionary model of Kandori, Mailath, andRob (1993) to incorporate time-varying aggregate and idiosyncraticshocks separately in coordination games.We show that both types of shocks have a different effect on theinvariant distribution over the different equilibria of dthe...
Persistent link: https://www.econbiz.de/10010324905
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization. We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10010324637
Persistent link: https://www.econbiz.de/10000981252
Persistent link: https://www.econbiz.de/10000944384
Persistent link: https://www.econbiz.de/10000948324
Persistent link: https://www.econbiz.de/10000994201
Persistent link: https://www.econbiz.de/10001236655
Persistent link: https://www.econbiz.de/10001570632
Persistent link: https://www.econbiz.de/10001412094