Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10010237407
Persistent link: https://www.econbiz.de/10003908527
An observer makes a number of observations of an industry producing a homogeneous good. Each observation consists of the market price, the output of individual firms and perhaps information on each firm's production cost. We provide various tests (typically, linear programs) with which the...
Persistent link: https://www.econbiz.de/10003908540
Persistent link: https://www.econbiz.de/10003908589
Persistent link: https://www.econbiz.de/10010433973
Persistent link: https://www.econbiz.de/10011374023
Persistent link: https://www.econbiz.de/10012040616
We study the existence and computation of equilibrium in large games with strategic complementarities. Using monotone operators (in stochastic dominance orders) defined on the space of distributions, we first prove existence of the greatest and least distributional Nash equilibrium in the sense...
Persistent link: https://www.econbiz.de/10013036037
We present a new approach for studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary Distributional Equilibrium (MSDE), prove its existence,...
Persistent link: https://www.econbiz.de/10012829253
We study equilibrium in large games of strategic complementarities (GSC) with a differential information and continuum of players. For our game, we define an appropriate notion of distributional Bayesian-Nash equilibrium in the sense of Mas-Colell (1984), and prove its existence. Further, we...
Persistent link: https://www.econbiz.de/10013088315