Submodularity and the Evolution of Walrasian Behavior

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common-Pool Resource games, Rent-Seeking games and generalized Nash-Demand games

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Year of publication:	2004
Authors:	Schipper, Burkhard
Publisher:	[S.l.] : SSRN
Subject:	Allgemeines Gleichgewicht \| General equilibrium \| Theorie \| Theory \| Oligopol \| Oligopoly \| Evolutionsökonomik \| Evolutionary economics \| Nichtkooperatives Spiel \| Noncooperative game
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Journal of Game Theory, Vol. 32, pp. 471-477, 2003 Volltext nicht verfügbar
Classification:	C72 - Noncooperative Games ; D21 - Firm Behavior ; D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014070520