English, Article, Journal or magazine article edition: Submodularity and the Evolution of Walrasian Behavior Burkhard Schipper

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Bookmark: http://trove.nla.gov.au/version/52326
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Submodularity and the Evolution of Walrasian Behavior
Author
  • Burkhard Schipper
Physical Description
  • preprint
Notes
  • Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common- Pool Resource games, Rent-Seeking games and generalized Nash-Demand games.
  • imitation, price-taking behavior, lattice theory, stochastic stability
  • RePEc:bon:bonedp:bgse4_2003
Language
  • English
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