many players, every mixed strategy Nash equilibrium can be used to construct a Nash e-equilibrium in pure strategies that …

investigates this specific tradeoff and identifies an allocation rule that is individually rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …

well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …

existence and uniqueness of Markovian equilibrium are weIl known for the compact state space case, no similar sufficient … algorithm that will prove asymptotically consistent when computing Markovian equilibrium. …

In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust … infinitely fast to their equilibrium values. In this paper the set ofadmissible prices is allowed to be an arbitrary convex set …. For such an arbitrary set it cannotbe guaranteed that there exists a constrained equilibrium satisfying the usual …

, Slutsky's equations are derived. The different speeds of equilibrium adjustment in economic and climate models is reconciled … in the Recursive Equilibrium with Environmental Damages (REED). An exchange economy and Robinson Crusoe economy …

interrelationship differs between market ‘undershooting’ (the actual number of firms is below the equilibrium number) and ‘overshooting …’ (vice versa). We find that equilibrium-restoring mechanisms are faster in over than in undershoots. The results imply that … in undershoots a lack of competition between incumbent firms contributes to restoration of equilibrium (creating room for …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics … function of creating disequilibrium and the conventional equilibrating role of moving the industry to a new equilibrium. Second …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration …