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Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
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http://hdl.handle.net/10419/22832
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| Title: | | Submodularity and the Evolution of Walrasian Behavior  |
| Authors: | | Burkhard Schipper |
| Issue Date: | | 2002 |
| Series/Report no.: | | Bonn econ discussion papers 2003,4 |
| Abstract: | | 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. |
| Subjects: | | imitation price-taking behavior lattice theory stochastic stability |
| JEL: | | C72 D21 L13 D43 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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