首页    期刊浏览 2024年11月07日 星期四
登录注册

文章基本信息

  • 标题:Monotone methods for equilibrium selection under perfect foresight dynamics
  • 本地全文:下载
  • 作者:Oyama, Daisuke ; Takahashi, Satoru ; Hofbauer, Josef
  • 期刊名称:Theoretical Economics
  • 印刷版ISSN:1555-7561
  • 出版年度:2008
  • 卷号:3
  • 期号:2
  • 出版社:Econometric Society
  • 摘要:This paper studies a dynamic adjustment process in a large society of forward-looking agents where payoffs are given by a normal form supermodular game. The stationary states of the dynamics correspond to the Nash equilibria of the stage game. It is shown that if the stage game has a monotone potential maximizer, then the corresponding stationary state is uniquely linearly absorbing and globally accessible for any small degree of friction. A simple example of a unanimity game with three players is provided where there are multiple globally accessible states for a small friction.
  • 关键词:Equilibrium selection; perfect foresight dynamics; supermodular game; strategic complementarity; stochastic dominance; potential; monotone potential
国家哲学社会科学文献中心版权所有