Attainment of equilibrium via Marshallian path adjustment: queueing and buyer determinism

DOI10.1016/J.GEB.2020.11.001MaRDI QIDQ1995463zbMATH OpenOpenAlexFDO

Authors Sean M. Collins, Duncan James, Maroš Servátka, Radovan Vadovič

Publication date 23 February 2021

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/104151/1/MPRA_paper_104103.pdf

zbMATH Keywords

equilibrationposted offermarket entry gameadvance productionMarshallian path adjustment

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Price-setting and attainment of equilibrium: posted offers versus an administered price
• Queue-Rationing and Price Dynamics
• Getting to a Competitive Equilibrium
• Self-organised adjustments in a market with price-setting firms
• Learning competitive market balance

Cites work

• scientific article; zbMATH DE number 3758035 (Why is no real title available?)
• A Theorem on Non-Tatonnement Stability
• A tractable model of reciprocity and fairness
• From imitation to collusion: long-run learning in a low-information environment
• Learning, information, and sorting in market entry games: theory and evidence
• Price Duopoly and Capacity Constraints
• Price Formation in Single Call Markets
• Price-setting and attainment of equilibrium: posted offers versus an administered price
• Rationing rules and Bertrand-Edgeworth equilibria in large markets
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Some factors affecting demand withholding in posted-offer markets
• The Stability of Edgeworth's Recontracting Process
• The high-frequency trading arms race: frequent batch auctions as a market design response

Describes a project that uses

Uses Software

• ORSEE
• Z-Tree

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