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文章基本信息

  • 标题:Imitation, local interaction, and efficiency: reappraisal
  • 本地全文:下载
  • 作者:Hsiao-Chi Chen ; Yunshyong Chow ; Li-Chau Wu
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2012
  • 卷号:32
  • 期号:1
  • 页码:675-684
  • 出版社:Economics Bulletin
  • 摘要:We revisit the model of Alos-Ferrer and Weidenholzer (2006) but under the assumption that risk-dominant equilibria are Pareto efficient. It is found that risk-dominant equilibria, non-risk-dominant equilibria, and some non-monomorphic states can emerge in the long run when players interact with their immediate neighbors only.
  • 关键词:Coordination game; imitation; local interaction
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