Best response dynamics with level-n expectations in two-stage games

DOI10.1016/J.JEDC.2014.01.019MaRDI QIDQ1994422zbMATH OpenOpenAlexFDO

Authors Herbert Dawid, Dennis Heitmann

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.01.019

zbMATH Keywords

best response dynamicsmulti-stage gamesexpectation formation

Mathematics Subject Classification ID

Multistage and repeated games (91A20) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• scientific article; zbMATH DE number 3069635 (Why is no real title available?)
• A COMPETITION GAME WITH KNOWLEDGE ACCUMULATION AND SPILLOVERS
• A Rational Route to Randomness
• A dynamic model of oligopoly with R\&D externalities along networks. I.
• A dynamic model of oligopoly with R\&D externalities along networks. II
• An evolutionary analysis of backward and forward induction
• Cournot duopoly when the competitors operate multiple production plants
• Evolutionary dynamics and backward induction
• Nonlinear oligopolies. Stability and bifurcations
• On players' models of other players: Theory and experimental evidence
• On the dynamic efficiency of Bertrand and Cournot equilibria
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Stochastic evolutionary stability in extensive form games of perfect information
• The heterogeneous expectations hypothesis: Some evidence from the lab

Cited in

(3)

• Equilibrium selection of a homogenous duopoly with extrapolative foresight
• Does local monopolistic approximation imply a less stable equilibrium?
• Should sophisticated expectations facilitate reaching equilibrium behavior?

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