Market selection with an endogenous state

This paper explores market selection in general equilibrium when the state of the economy is endogenous. Analysis of consumer survival in this case requires solution of the model’s dynamics, for which evolutionary game theory can be useful; for instance, if the state and beliefs are Markovian and ut...

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主要作者: Norman, TWL
格式: Journal article
语言:English
出版: Elsevier 2020

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