Stochastic stability in a double auction

DOI10.1016/J.GEB.2003.09.010MaRDI QIDQ705852zbMATH OpenOpenAlexFDO

Authors Murali Agastya

Publication date 16 February 2005

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

Full work available at URL https://doi.org/10.1016/j.geb.2003.09.010

zbMATH Keywords

Nash bargaining solutionMultiple equilibriaRisk potential

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A dynamic model of equilibrium selection in signaling markets
• An evolutionary model of bargaining
• Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution
• Bilateral trade with the sealed bid k-double auction: Existence and efficiency
• Convergence to Efficiency in a Simple Market with Incomplete Information
• Efficient performance in two agent bargaining
• Equilibrium selection in bargaining models.
• Evolution with State-Dependent Mutations
• Evolutionary Drift and Equilibrium Selection
• Learning, Mutation, and Long Run Equilibria in Games
• On the relationship between risk-dominance and stochastic stability
• Perturbed adaptive dynamics in coalition form games
• Price Formation in Single Call Markets
• Stochastic evolutionary game dynamics
• The Evolution of Bargaining Behavior
• The Evolution of Conventions
• The Robustness of Equilibria to Incomplete Information
• The statistical mechanics of best-response strategy revision
• Why sunk costs matter for bargaining outcomes: An evolutionary approach
• p-Dominance and Belief Potential

Cited in

(8)

• The price of stability of envy-free equilibria in multi-buyer sequential auctions
• BARGAINING POWER IN THE NASH DEMAND GAME AN EVOLUTIONARY APPROACH
• Probabilistic properties of the continuous double auction
• A steady-state model of the continuous double auction
• Evolutionary game theory
• Equilibrium selection in bargaining models.
• Evolution, bargaining, and time preferences
• A dynamic recontracting process for multiple-type housing markets

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