Bergin, James(Queen’s University. Department of Economics, 1997-08)
Consider the set of probability measures on a product space with the property that all have the same marginal distributions on the coordinate spaces. This may be viewed as a correspondence, when the marginal distributions ...
We develop a theoretical model of the dynamics of an industry over the business cycle. In the economy, both aggregate demand and the productivity of a firm's technology evolve stochastically. Each period, firms must choose ...
In this paper we consider Anonymous Sequential Games with Aggregate Uncertainty. We prove existence of equilibrium when there is a general state space representing aggregate uncertainty. When the economy is stationary and ...
Recent evolutionary models have introduced "small mutation rates" as a way of refining predictions of long-run behavior. We show that this refinement effect can only be obtained by restrictions on how the magnitude of the ...
We study the implementation of social choice rules in incomplete information environments. A sufficiency condition called posterior reversal is given for extensive form implementation. The condition has a natural interpretation ...
This paper develops a general repeated game model over an arbitrary time domain. The paper considers the issue of formulating strategic behaviour in a general framework which includes continuous time behaviour. There are ...
The goal of non-cooperative foundations is to provide credible non-cooperative models of negotiation and coalition formation whose equilibrium outcomes agree with a given cooperative solution. Here we argue that this goal ...