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On Market Games with Misspecified Demand Functions : Long Run Outcomes and Global Dynamics

Bischi, G.I.; Chiarella, C.; Kopel, M. - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005345392

Evolutionary Learning in the Ultimatum Game

Riechmann, Thomas - Society for Computational Economics - SCE - 2001

The ultimatum game is (in)famous for its `anomalies': The outcomes of laboratory experiments are very different from the results generated by traditional game theory. This paper aims to find to what extent these discrepancies between theory and experiments can be explained by the effects of...

Persistent link: https://www.econbiz.de/10005345615

Holdup and the Evolution of Bargaining Conventions

Dawid, Herbert; MacLeod, Bentley - Society for Computational Economics - SCE - 2001

As Posner (1997) has observed, when individuals in a relationship can commit to imposing costs upon each other then efficient behavior in the absence of law is possible. The question is whether efficient norms of behavior evolve endogenously in a population. We show that in a standard hold up...

Persistent link: https://www.econbiz.de/10005706768

Negotiating over Bundles and Prices Using Aggregate Knowledge

Somefun, Koye; Klos, Tomas - Society for Computational Economics - SCE - 2004

Combining two or more items and selling them as one good, a practice called bundling, can be a very effective strategy for reducing the costs of producing, marketing, and selling goods. In this paper, we design a system for a shop, to negotiate both the contents and the price of bundles of goods...

Persistent link: https://www.econbiz.de/10005537632

Stable Risk Sharing

Dutta, Jayasri; Prasad, Kislaya - Society for Computational Economics - SCE - 2001

We evaluate the stability of risk-sharing contracts in the presence of moral hazard. Contracts are rules for sharing … their choice and apply methods of evolutionary stability. We identify stable contracts, which survive competition against …

Persistent link: https://www.econbiz.de/10005132862

Long Memory, Heterogeneity, and Trend Chasing

Li, Youwei; He, Xue-Zhong - Society for Computational Economics - SCE - 2005

Long-range dependence in volatility is one of the most prominent examples of applications in financial market research involving universal power laws. Its characterization has recently spurred attempts at theoretical explanation of the underlying mechanism. This paper contributes to this recent...

Persistent link: https://www.econbiz.de/10005343031

Learning in a Misspecified VAR Model

Guse, Eran A. - Society for Computational Economics - SCE - 2005

perceptions, an increase in inertia will always eventually lead to an explosive RPE if the RPE is not learnable. The stability …

Persistent link: https://www.econbiz.de/10005345066

Stability Analysis of Heterogeneous Learning in Self-Referential Linear Stochastic Models

Giannitsarou, Chryssi - Society for Computational Economics - SCE - 2001

agents and homogeneous learning. We study the local stability of REEs under heterogeneous adaptive learning, for the broad … general conditions for local stability of an REE. Even though in general, hetereogeneity may lead to different stability … conditions, we provide applications to various economic models where the stability conditions are identical to the conditions …

Persistent link: https://www.econbiz.de/10005345570

Network formation, preferential meeting and equilibrium selection

Roux, Pascale; Carayol, Nicolas - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005345647

Phase Transition in Supermarket Chain Network: Multi-Agent System in Soap Froth

Szeto, K.Y.; Kong, Chiwah - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005706606