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Rent Seeking with Regretful Agents: Theory and Experiment
all-pay auctions regret experiment rent-seeking
2015/9/23
We investigate both theoretically and experimentally the role that information disclosure has on behavior in
all pay environments in which all agents must exert costly effort, but only the winner is ...
Short-time behaviour of demand and price viewed through an exactly solvable model for heterogeneous interacting market agents
demand price viewed market agents
2010/12/13
We introduce a stochastic heterogeneous interacting-agent model for the short-time non-equilibrium evolution of excess demand and price in a stylized asset market. We consider a combination of social ...