Search Results - subject:"invariant measures"

The principle of minimum differentiation revisited: Return of the median voter

Hanaki, Nobuyuki; Tanimura, Emily; Vriend, Nicolaas J. - 2016

We study a linear location model (Hotelling, 1929) in which n (with n ≥ 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend almost all the time clustered together near the center, re-establishing...

Persistent link: https://www.econbiz.de/10011796516

The principle of minimum differentiation revisited : return of the median voter

Hanaki, Nobuyuki; Tanimura, Emily; Vriend, Nicolaas J. - 2016

We study a linear location model (Hotelling, 1929) in which n (with n = 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend almost all the time clustered together near the center, re-establishing the...

Persistent link: https://www.econbiz.de/10011447055

The Stochastic Dynamics of Speculative Prices

Chiarella, Carl; He, Xue-Zhong; Zheng, Min - Finance Discipline Group, Business School - 2007

by the invariant measures of a random dynamical system. By conducting a stochastic bifurcation analysis, we examine the … than two invariant measures, of which one is completely stable, another is completely unstable and the remaining ones may … invariant measures of a random dynamical system. By con- ducting a stochastic bifurcation analysis, we examine the market impact …

Persistent link: https://www.econbiz.de/10005041741

Spherical Matrix Distributions and Cauchy Quotients

Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 1987

of invariant measures on manifolds. …

Persistent link: https://www.econbiz.de/10005762727