Working paper
Waiting times and equilibrium selection
- Abstract:
- This paper shows how graphs can be used to calculate expected waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations both of waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities.
- Publication status:
- Published
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(Version of record, bin, 43.2KB, Terms of use)
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Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2003-01-01
- Paper number:
- 142
- Keywords:
- Pubs id:
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1144292
- Local pid:
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pubs:1144292
- Deposit date:
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2020-12-15
- ARK identifier:
Terms of use
- Copyright date:
- 2003
- Rights statement:
- Copyright 2003 The Author(s)
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