Absorbent Stable Sets

Itzhak Gilboa and Dov Samet

No 935, Discussion Papers from Northwestern University, Center for Mathematical Studies in Economics and Management Science

Abstract: This paper suggests a general framework to deal with learning, dynamics and evolution in games and economic environments. In this general set-up we define a (set-valued) solution concept and prove some properties, including existence. We then discuss more specific dynamical processes and show that the general solution concept provides quite intuitive results for various contexts.

Date: 1991-04
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