Markets in equilibrium with firms out of equilibrium: A simulation study
Markets in equilibrium with firms out of equilibrium: A simulation study
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市场处于均衡状态而企业处于非均衡状态:模拟研究
DOI:
10.1016/j.jebo.2006.01.003
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发表时间:
2008
影响因子:
2.2
通讯作者:
Marco Casari
中科院分区:
文献类型:
--
作者:
Marco Casari
We explore the effect of the limited ability to process information on the convergence of firms toward equilibrium. In the context of a Cournot oligopoly with a unique and symmetric Nash equilibrium, firms are modeled as adaptive economic agents through a genetic algorithm. Computational experiments show that while market production is close to equilibrium, firm production is relatively far from the individual equilibrium level. This pattern of firm heterogeneity is not an artifact of random elements built into the decisional process. Instead, it comes from the market interaction of firms with cognitive limitations.
DOI:
--
发表时间:
2010
期刊:
Modern Physician
影响因子:
--
作者:
Arai H;Ishibashi S;Bujo H;Hayashi T;Yamada N.;et al.;大西弘高;小泉順二
通讯作者:
小泉順二