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Waiting times and equilibrium selection

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Author Info
Alan Beggs ()

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Abstract

This paper shows how graphs can be used to calculate waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations of both waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities. Copyright Springer-Verlag Berlin/Heidelberg 2005

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File URL: http://hdl.handle.net/10.1007/s00199-003-0444-6
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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 25 (2005)
Issue (Month): 3 (04)
Pages: 599-628
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Handle: RePEc:spr:joecth:v:25:y:2005:i:3:p:599-628

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Related research
Keywords: Waiting times Equilibrium selection Graphs.

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This page was last updated on 2008-8-31.


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