Costs of flexibility and equilibrium selection

DOI10.1016/S0304-4068(97)00810-0zbMATH Open0887.90025MaRDI QIDQ1371180FDOQ1371180

Authors: Bob M. Galesloot, Sanjeev Goyal 

Publication date: 28 October 1997

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

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zbMATH Keywords

coordination gamesequilibrium selectionPareto-efficient equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites Work

• Title not available (Why is that?)
• Title not available (Why is that?)
• Learning, Mutation, and Long Run Equilibria in Games
• The Evolution of Conventions
• Learning, Local Interaction, and Coordination
• Average behavior in learning models
• Non-exclusive conventions and social coordination

Cited In (12)

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

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