Robustness of perfectly competitive equilibria to memory in imitative learning
نویسندگان
چکیده
We extend the analysis in Alós-Ferrer and Ania (2005) to allow for memory in the imitative learning process. Adding memory allows to detect and correct unprofitable deviations and makes it harder to disturb Nash equilibria with spiteful deviations that achieve a relative advantage. We show for the case of general aggregative submodular games that perfectly competitive outcomes are still stochastically stable of the imitative learning process after the introduction of memory.
منابع مشابه
Working Papers
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