Sunspots, correlation and competition
نویسندگان
چکیده
Correlated equilibria in strategic market games played, simultaneously, by “overlapping generations” of players correspond to sunspot equilibria in the associated, competitive economy. The lower the degree of competition, the larger the range of parameters that allow for effective correlation or endogenous stochastic fluctuations.
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ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 56 شماره
صفحات -
تاریخ انتشار 2006