Costs of flexibility and equilibrium selection

DOI10.1016/S0304-4068(97)00810-0MaRDI QIDQ1371180zbMATH OpenFDO

Authors Bob M. Galesloot, Sanjeev Goyal

Publication date 28 October 1997

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0304-4068(97)00810-0

zbMATH Keywords

coordination gamesequilibrium selectionPareto-efficient equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

• Average behavior in learning models
• scientific article; zbMATH DE number 3826915 (Why is no real title available?)
• scientific article; zbMATH DE number 3787772 (Why is no real title available?)
• Learning, Local Interaction, and Coordination
• Learning, Mutation, and Long Run Equilibria in Games
• Non-exclusive conventions and social coordination
• The Evolution of Conventions

Cited in

(13)

• Non-exclusive conventions and social coordination
• Stochastically stable states in an oligopoly with differentiated goods: Equivalence of price and quantity strategies
• Cost heterogeneity and the persistence of bilingualism
• Transitions between equilibria in bilingual games under logit choice
• Competing conventions with costly information acquisition
• Sampling best response dynamics and deterministic equilibrium selection
• Transitions between equilibria in bilingual games under probit choice
• Noise-independent selection in global games and monotone potential maximizer: a symmetric 3 3 example
• On the relationship between robustness to incomplete information and noise-independent selection in global games
• Evolutionary dynamics in bilingual games
• Contagion and uninvadability in local interaction games: the bilingual game and general supermodular games
• Intertemporal coordination with delay options
• Flexibility choices and oligopolistic competition in an evolutionary environment

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