Showing 31 - 40 of 48
We observe that the imitation dynamics of Cubitt and Sugden (Review of Economic Studies, 1998, hereafter CS) is the same as the Replicator Dynamics for a certain class of games. Known results for such games then permit a more complete analysis of the CS imitation process, containing their...
Persistent link: https://www.econbiz.de/10010629265
We propose a model of price competition where consumers exogenously differ in the number of prices they compare. Our model can be interpreted either as a non-sequential search model or as a network model of price competition. We show that (i) if consumers who previously just sampled one firm...
Persistent link: https://www.econbiz.de/10010608397
Persistent link: https://www.econbiz.de/10000708548
Persistent link: https://www.econbiz.de/10000708557
Persistent link: https://www.econbiz.de/10001048767
We observe that the imitation dynamics of Cubitt and Sugden (Review of Economic Studies, 1998, hereafter CS) is the same as the Replicator Dynamics for a certain class of games. Known results for such games then permit a more complete analysis of the CS imitation process, containing their...
Persistent link: https://www.econbiz.de/10005110639
Persistent link: https://www.econbiz.de/10005670697
Persistent link: https://www.econbiz.de/10010069997
Persistent link: https://www.econbiz.de/10002658542
Persistent link: https://www.econbiz.de/10002451414