In the text-book model of dynamic Bertrand competition, competing firms meet the same demand function every period. This is not a satisfactory model of the demand side if consumers can make intertemporal substitution between periods. Each period then leaves some residual demand to future...

Anyone who has ever studied game theory knows the name Lloyd Shapley. Just recall Matching, Deferred-Acceptance Algorithm, Core, Market Games, Stochastic Games, Shapley value, and Shapley vector. But Professor Shapley was also a great lover of chess with imperfect information. Upon our first...

In this paper we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility is limited and change over time. We completely characterize both short-run and long-run outcomes. There are...