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Waiting Times and Equilibrium Selection.

Abstract:
This paper shows how graphs can be used to calculate waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations of both waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities.
Publication status:
Published
Peer review status:
Not peer reviewed

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Publisher copy:
10.1007/s00199-003-0444-6

Authors

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Institution:
University of Oxford
Role:
Author


Publisher:
Springer-Verlag
Journal:
Economic Theory More from this journal
Volume:
25
Issue:
3
Pages:
599 - 638
Publication date:
2005-04-01
DOI:
ISSN:
0938-2259


Language:
English
UUID:
uuid:bc3cb2af-eae3-4294-93ad-1c5419bbd4fd
Local pid:
ora:1180
Deposit date:
2011-08-15
ARK identifier:

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