Waiting times and equilibrium selection
This paper shows how graphs can be used to calculate expected waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations both of waiting times and selected equilibria. The results are applied to potential games and games with strategic...
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| Format: | Working paper |
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University of Oxford
2003
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| _version_ | 1797100820079050752 |
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| author | Beggs, A |
| author_facet | Beggs, A |
| author_sort | Beggs, A |
| collection | OXFORD |
| description | This paper shows how graphs can be used to calculate expected waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations both of waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities. |
| first_indexed | 2024-03-07T05:43:03Z |
| format | Working paper |
| id | oxford-uuid:e63fadce-03e7-427e-aa55-b2310bbb24fb |
| institution | University of Oxford |
| last_indexed | 2024-03-07T05:43:03Z |
| publishDate | 2003 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:e63fadce-03e7-427e-aa55-b2310bbb24fb2022-03-27T10:29:49ZWaiting times and equilibrium selectionWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:e63fadce-03e7-427e-aa55-b2310bbb24fbSymplectic ElementsBulk import via SwordUniversity of Oxford2003Beggs, AThis paper shows how graphs can be used to calculate expected waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations both of waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities. |
| spellingShingle | Beggs, A Waiting times and equilibrium selection |
| title | Waiting times and equilibrium selection |
| title_full | Waiting times and equilibrium selection |
| title_fullStr | Waiting times and equilibrium selection |
| title_full_unstemmed | Waiting times and equilibrium selection |
| title_short | Waiting times and equilibrium selection |
| title_sort | waiting times and equilibrium selection |
| work_keys_str_mv | AT beggsa waitingtimesandequilibriumselection |