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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 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.

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File URL: http://www.economics.ox.ac.uk/Research/wp/pdf/paper142.pdf
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Publisher Info
Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 142.

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Date of creation: 2003
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Handle: RePEc:oxf:wpaper:142

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Related research
Keywords: waiting times equilibruim selection graphs

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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This page was last updated on 2008-11-17.

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