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How many sorting equilibria are there (generically)?

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Author Info
Andrei Gomberg () (Centro de Investigacion Economica (CIE), Instituto Tecnologico Autonomo de Mexico (ITAM))

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Abstract

It is shown that in a generic two-jurisdiction model of the type introduced by Caplin and Nalebuff (1997), the number of sorting equilibria (with jurisdictions providing distinct policies) is finite and even.

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File URL: http://ftp.itam.mx/pub/academico/inves/gomberg/03-03.pdf
File Format: application/pdf
File Function: First version, 2003
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Publisher Info
Paper provided by Centro de Investigacion Economica, ITAM in its series Working Papers with number 0303.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 10 pages
Date of creation: Apr 2003
Date of revision:
Handle: RePEc:cie:wpaper:0303

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  1. Caplin, Andrew & Nalebuff, Barry, 1997. "Competition among Institutions," Journal of Economic Theory, Elsevier, vol. 72(2), pages 306-342, February. [Downloadable!] (restricted)
    Other versions:
  2. Gomberg, Andrei, 2004. "Sorting equilibrium in a multi-jurisdiction model," Journal of Economic Theory, Elsevier, vol. 116(1), pages 138-154, May. [Downloadable!] (restricted)
  3. Debreu, Gerard, 1970. "Economies with a Finite Set of Equilibria," Econometrica, Econometric Society, vol. 38(3), pages 387-92, May. [Downloadable!] (restricted)
  4. Gale, Douglas, 1992. "A Walrasian Theory of Markets with Adverse Selection," Review of Economic Studies, Blackwell Publishing, vol. 59(2), pages 229-55, April. [Downloadable!] (restricted)
  5. Mclennan, A., 1989. "Selected Topics In The Theory Of Fixed Points," Papers 251, Minnesota - Center for Economic Research.
  6. Stinchcombe, Maxwell B., 1990. "Bayesian information topologies," Journal of Mathematical Economics, Elsevier, vol. 19(3), pages 233-253. [Downloadable!] (restricted)
  7. Dierker, Egbert, 1972. "Two Remarks on the Number of Equilibria of an Economy," Econometrica, Econometric Society, vol. 40(5), pages 951-53, September. [Downloadable!] (restricted)
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This page was last updated on 2009-11-25.

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