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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Not peer reviewed
Version:
Author's Original

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

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Institution:
University of Oxford
Role:
Author
Publisher:
Springer-Verlag Publisher's website
Journal:
Economic Theory Journal website
Volume:
25
Issue:
3
Publication date:
2005-04-05
DOI:
URN:
uuid:bc3cb2af-eae3-4294-93ad-1c5419bbd4fd
Local pid:
ora:1180
Language:
English

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