Stochastic stability on general state spaces

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 58
Issue: C
Pages: 46-60

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper studies stochastic stability methods applied to processes on general state spaces. This includes settings in which agents repeatedly interact and choose from an uncountable set of strategies. Dynamics exist for which the stochastically stable states differ from those of any reasonable finite discretization. When there are a finite number of rest points of the unperturbed dynamic, sufficient conditions for analogues of results from the finite state space literature are derived and studied. Illustrative examples are given.

Technical Details

RePEc Handle
repec:eee:mateco:v:58:y:2015:i:c:p:46-60
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26