A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange" - HAL-SHS - Sciences de l'Homme et de la Société
Article Dans Une Revue The BE Journals in Theoretical Economics Année : 2009

A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"

Antoine Mandel
Nicola Botta
  • Fonction : Auteur
  • PersonId : 865706

Résumé

In two recent contributions, Herbert Gintis introduces agent-based imitation models built upon evolutionary bargaining games where agents use private prices as strategies. He reports surprising convergence results for simulations performed in exchange economies where goods are strict complement. We investigate analyt- ically these results using the notion of stochastic stability.
Fichier principal
Vignette du fichier
AnalyticsGintisFinal2.pdf (133.94 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00634656 , version 1 (09-11-2011)

Identifiants

Citer

Antoine Mandel, Nicola Botta. A note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange". The BE Journals in Theoretical Economics, 2009, 9 (1), pp.article 44. ⟨10.2202/1935-1704.1560⟩. ⟨halshs-00634656⟩
193 Consultations
278 Téléchargements

Altmetric

Partager

More