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Competitive Behavior in Market Games: Evidence and Theory

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  • Alexander Matros
  • John Duffy
  • Ted Temzelides

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  • Alexander Matros & John Duffy & Ted Temzelides, 2006. "Competitive Behavior in Market Games: Evidence and Theory," Working Paper 201, Department of Economics, University of Pittsburgh, revised Sep 2008.
    • Handle: RePEc:pit:wpaper:201
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    File URL: http://www.econ.pitt.edu/papers/Alexander_DMT080909.pdf
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    References listed on IDEAS

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    1. Postlewaite, A & Schmeidler, David, 1978. "Approximate Efficiency of Non-Walrasian Nash Equilibria," Econometrica, Econometric Society, vol. 46(1), pages 127-135, January.
    2. Ghosal, Sayantan & Morelli, Massimo, 2004. "Retrading in market games," Journal of Economic Theory, Elsevier, vol. 115(1), pages 151-181, March.
    3. Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 937-968, October.
    4. Fernando Vega-Redondo, 1997. "The Evolution of Walrasian Behavior," Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.
    5. Dubey, Pradeep & Shubik, Martin, 1978. "A theory of money and financial institutions. 28. The non-cooperative equilibria of a closed trading economy with market supply and bidding strategies," Journal of Economic Theory, Elsevier, vol. 17(1), pages 1-20, February.
    6. Dubey, Pradeep & Shubik, Martin, 1977. "A closed economic system with production and exchange modelled as a game of strategy," Journal of Mathematical Economics, Elsevier, vol. 4(3), pages 253-287, December.
    7. Schaffer, Mark E., 1989. "Are profit-maximisers the best survivors? : A Darwinian model of economic natural selection," Journal of Economic Behavior & Organization, Elsevier, vol. 12(1), pages 29-45, August.
    8. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, December.
    9. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211-211.
    10. Gerard Debreu, 1963. "On a Theorem of Scarf," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(3), pages 177-180.
    11. Peck, James & Shell, Karl, 1990. "Liquid markets and competition," Games and Economic Behavior, Elsevier, vol. 2(4), pages 362-377, December.
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    Cited by:

    1. Régis Breton & Bertrand Gobillard, 2005. "Robustness of equilibrium price dispersion in finite market games," Post-Print halshs-00257207, HAL.
    2. Dmitry Levando, 2012. "A Survey Of Strategic Market Games," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(194), pages 63-106, July - Se.
    3. Vasin, A., 2010. "Evolutionary Game Theory and Economics. Part 2. Stability of Equilibria. Special Features of Human Behavior Evolution," Journal of the New Economic Association, New Economic Association, issue 5, pages 10-27.

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