Self-enforcement, heterogeneous agents, and long-run survival

DOI10.1016/J.ECONLET.2021.109906zbMath1467.91097OpenAlexW3162564069MaRDI QIDQ2036995

Kookyoung Han

Publication date: 30 June 2021

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2021.109906

zbMATH Keywords

Pareto efficiencysubgame-perfect equilibriumheterogeneous playersmarket selection

Mathematics Subject Classification ID

Discrete-time games (91A50) Games in extensive form (91A18) Heterogeneous agent models (91B69)

Cites Work

• Market selection
• Survival in speculative markets
• Market selection with idiosyncratic uncertainty
• Natural Selection in Financial Markets: Does It Work?
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Do Markets Favor Agents able to Make Accurate Predictions?
• Market Selection and Welfare in a Multi-asset Economy*
• Market selection in large economies: A matter of luck
• Implications of Efficient Risk Sharing without Commitment

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