Evolutionary choice of markets

DOI10.1007/S00199-005-0063-5zbMATH Open1109.91378OpenAlexW4250737306MaRDI QIDQ868615FDOQ868615

Authors: Anke Gerber, Marc Oliver Bettzüge 

Publication date: 6 March 2007

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://www.zora.uzh.ch/id/eprint/156603/1/ZORA_NL_156603.pdf

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zbMATH Keywords

Stochastic stabilityStandardizationEndogenous participation

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• Learning, Mutation, and Long Run Equilibria in Games
• The Evolution of Conventions
• Learning, Local Interaction, and Coordination
• Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution
• An evolutionary approach to financial innovation

Cited In (15)

• Matching, imitation, and coordination in networks
• Endogenous market segmentation with heterogeneous agents
• Market selection with an endogenous state
• Robust stochastic stability
• Long-run technology choice with endogenous local capacity
• Market selection by boundedly-rational traders under constant returns to scale
• A note on Herbert Gintis' Emergence of a price system from decentralized bilateral exchange
• Evolution and market competition
• Evolutionary dynamics in markets with many trader types
• On market forces and human evolution
• Knife-Edge or Plateau: When Do Market Models Tip?
• General equilibrium and the emergence of (non)market clearing trading institutions
• Conservative traders, natural selection and market efficiency
• Trader matching and the selection of market institutions
• Learning and market clearing: theory and experiments

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