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A nonstandard counterpart to the results of Allen and Hellwig (1986) on the convergence of a Bertrand-Edgeworth equilibrium arising out of price setting by firms operating under capacity constraint into a Walrasian (or competitive) equilibrium is presented and analyzed
Persistent link: https://www.econbiz.de/10013241146
I propose a class of games generalizing Athey & Levin (2018) monotone decision problem approach to two-person noncooperative games of incomplete information, called Monotone Signalling Games, where a player’s payoff is monotone in their opponent’s belief about their unknown type, and only a...
Persistent link: https://www.econbiz.de/10014079131