Showing 1 - 10 of 25,804
-o between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium …, based on a recursive approach that exploits the monotonicity of matching functions. …
Persistent link: https://www.econbiz.de/10010817426
We study a decentralized trading model as in Peters (1984), where a finite number of heterogeneous capacity-constrained sellers compete for a finite number of homogeneous buyers, by posting prices. This "directed search" model is known to admit symmetric equilibria; yet, uniqueness has proved...
Persistent link: https://www.econbiz.de/10013031326
-existing heterogeneity. …
Persistent link: https://www.econbiz.de/10011206196
-off between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium …, based on a recursive approach that exploits the monotonicity of matching functions …
Persistent link: https://www.econbiz.de/10013039828
We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
Persistent link: https://www.econbiz.de/10013039814
strongly symmetric equilibria, proving their existence and providing explicit solutions for the distributions of advertised and …
Persistent link: https://www.econbiz.de/10005616535
We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
Persistent link: https://www.econbiz.de/10010558826
We present a search-and-matching model of the housing market where potential buyers' willingness to pay is private …
Persistent link: https://www.econbiz.de/10010288769
The book aims at describing the recent developments in the existence and stability of Nash equilibrium. The two topics … are central to game theory and economics and have been extensively researched. Recent results on existence and stability …>Introduction</li> <li>Continuous Normal-Form Games</li> <li>Generalized Better-Reply Secure Games</li> <li>Stronger Existence Results …
Persistent link: https://www.econbiz.de/10011122724
This paper investigates the existence of pure strategy, dominant strategy, and mixed strategy Nash equilibria in … quasiconcavity introduced in the paper, is enough to guarantee the existence of Nash equilibria in compact and convex normal form … show the existence of dominant strategy and mixed strategy Nash equilibria in discontinuous games. …
Persistent link: https://www.econbiz.de/10011112019