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dynamics and discuss in a mathematically informal way its stability properties, concerning asymptotic stability and loss of … stability by way of super- or subcritical Hopf-bifurcations. In a final section we explore numerically a variety of situations …
Persistent link: https://www.econbiz.de/10005537832
In the last years, many contributions have been exploring population learning in economies where myopic agents play bilateral games and are allowed to repeatedly choose their pure strategies in the game and, possibly, their opponents in the game. These models explore bilateral stage-games...
Persistent link: https://www.econbiz.de/10005345742
Schelling [1969, 1971a, 1971b, 1978] presented a microeconomic model showing how an integrated city could unravel to a rather segregated city, notwithstanding relatively mild assumptions concerning the individual agents' preferences, i.e., no agent preferring the resulting segregation. We...
Persistent link: https://www.econbiz.de/10005345745