The goal of the project is to show the existence of stochastic stable equilibria in economic situations in which markets are formed endogenously. Formation takes place due to an endogenously determined learning process of agents in a stochastically perturbed environment. Several models will be studied and attention will be paid to how equilibria will be reached.
|Short title||Existence and computation of equilibria in endogenous market formation with lear|
|Effective start/end date||1/06/99 → 1/06/03|