The Evolution of Walrasian Behavior
提出一种演化视角来理解瓦尔拉斯行为,不依赖垄断缺失或人口规模假设,在满足需求定律的同质品寡头市场中,瓦尔拉斯行为可能演化产生非纳什均衡的有趣行为。
This article describes an evolutionary approach to understanding Walrasian behavior. It avoids any considerations related to the absence of monopoly power or related notion of a large enough population. Walrasian behavior may evolve within any quantity-setting oligopoly producing a homogenous good, provided that the law of demand is satisfied. Evolutionary models may produce interesting behavior that does not correspond to a Nash equilibrium.