Resource title

Submodularity and the Evolution of Walrasian Behavior

Resource image

image for OpenScout resource :: Submodularity and the Evolution of Walrasian Behavior

Resource description

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common- Pool Resource games, Rent-Seeking games and generalized Nash-Demand games.

Resource author

Burkhard Schipper

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22832

Resource license

Adapt according to the presented license agreement and reference the original author.