Showing 2,111 - 2,112 of 2,112
The idea of the 'L-shaped aggregate supply curve', supposedly a feature of primitive macroeconomic models, is in fact a reasonable reconstruction of a well developed way of thinking that specifically denied a relation between wage change and aggregate employment.  Neither that approach nor the...
Persistent link: https://www.econbiz.de/10008485507
An individual's learning rule is completely uncoupled if it does not depend on the actions or payoffs of anyone else.  We propose a variant of log linear learning that is completely uncoupled and that selects an efficient pure Nash equilibrium in all generic n-person games that possess at least...
Persistent link: https://www.econbiz.de/10008487472