Interpretation Patterns And Markets

Dinko Dimitrov

Fuzzy Economic Review, 2001, vol. VI, issue 1, 3-12

Abstract: This paper presents a method for defining a consistent market through the interpretation of different agents´ opinions. We suppose that every agent has his own opinion about the other agents being his possible competitors or not. These opinions are ex-ante defined and therefore (for a definition of the correct market) they must be inter-preted. We make the interpretation ba-sed on the degrees with which an agent trusts or does not trust the other agents, using operators on intuitionistic fuzzy sets. A market is defined as consistent when (1) the ex-ante opi-nions and (2) the interpreted (ex-post) opinions are close to each other (at least to some extent).

Keywords: Duopoly; Interpretation; Interpretation Pattern; Intuitionistic Fuzzy Set; Intuitionistic Fuzzy Opinion (search for similar items in EconPapers)
JEL-codes: D00 D80 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fzy:fuzeco:v:vi:y:2001:i:1:p:3-12

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