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An Evolutionary Analysis of Varian’s Model of Sales

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  • Martin Hahn

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    File URL: http://hdl.handle.net/10.1007/s13235-011-0031-6
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    Bibliographic Info

    Article provided by Springer in its journal Dynamic Games and Applications.

    Volume (Year): 2 (2012)
    Issue (Month): 1 (March)
    Pages: 71-96

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    Handle: RePEc:spr:dyngam:v:2:y:2012:i:1:p:71-96

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    Web page: http://www.springer.com/economics/journal/13235

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    Related research

    Keywords: Best response dynamics; Shapley polygon; Price game;

    References

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    1. Ed Hopkins & Robert M. Seymour, 2002. "The Stability of Price Dispersion under Seller and Consumer Learning," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 1157-1190, November.
    2. Michel Benaim & Josef Hofbauer & Ed Hopkins, 2005. "Learning in Games with Unstable Equilibria," Levine's Bibliography 784828000000000609, UCLA Department of Economics.
    3. Steven Salop & Joseph Stiglitz, 1977. "Bargains and ripoffs: a model of monopolistically competitive price dispersion," Special Studies Papers 94, Board of Governors of the Federal Reserve System (U.S.).
    4. Michael D. Noel, 2007. "Edgeworth Price Cycles, Cost-Based Pricing, and Sticky Pricing in Retail Gasoline Markets," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 324-334, May.
    5. Cason, Timothy N. & Friedman, Daniel & Hopkins, Ed, 2010. "Testing the TASP: An experimental investigation of learning in games with unstable equilibria," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2309-2331, November.
    6. Doyle, Joseph & Muehlegger, Erich & Samphantharak, Krislert, 2010. "Edgeworth cycles revisited," Energy Economics, Elsevier, vol. 32(3), pages 651-660, May.
    7. Burdett, Kenneth & Judd, Kenneth L, 1983. "Equilibrium Price Dispersion," Econometrica, Econometric Society, vol. 51(4), pages 955-69, July.
    8. Cason, Timothy N. & Friedman, Daniel, 2003. "Buyer search and price dispersion: a laboratory study," Journal of Economic Theory, Elsevier, vol. 112(2), pages 232-260, October.
    9. Matsui, Akihiko, 1992. "Best response dynamics and socially stable strategies," Journal of Economic Theory, Elsevier, vol. 57(2), pages 343-362, August.
    10. Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-59, September.
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