Eductive learning and the rationalizability of oligopoly games

This paper extends the eductive learning approach in settings with non-atomistic agents. It shows the connection between the characterization of rationalizable sets by Basu (1991) and the seminal result by Guesnerie (1992) in the context of Cournot oligopoly models.

MoreLess

Year of publication:	2013
Authors:	Gaballo, Gaetano
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 120.2013, 3, p. 401-404
Publisher:	Elsevier
Subject:	Expectational coordination \| Higher-order beliefs \| Eductive stability

More details

Type of publication:	Article
Classification:	D2 - Production and Organizations ; D5 - General Equilibrium and Disequilibrium ; E1 - General Aggregative Models ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010681750