The Evolution of Walrasian Behavior
Опубликовано на портале: 24-01-2007
Econometrica.
1997.
Vol. 65.
No. 2.
P. 375-384.
Тематические разделы:
This article describes an evolutionary approach to understanding Walrasian behavior.
It avoids any considerations related to the absence of monopoly power or related
notion of a large enough population. Walrasian behavior may evolve within any quantity-setting
oligopoly producing a homogenous good, provided that the law of demand is satisfied.
Evolutionary models may produce interesting behavior that does not correspond to
a Nash equilibrium.
Ключевые слова
См. также:
On the Relation between the Expected Value and the Volatility of the Nominal Excess
Return on Stocks
Journal of Finance.
1993.
Vol. 48.
No. 5.
P. 1779-1801.
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Review of Economic Studies.
1995.
Vol. 62.
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Экономический журнал ВШЭ.
1999.
Т. 3.
№ 3.
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