Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements —such as strong or coalitional proof Nash equilibria— have been the standard ...

This paper reports results of an experimental study of uniform multi-unit auctions in an environment of publicly known common values. We find that the bidding behavior exhibits two clear regularities: agents consistently ...

We present a model for the selection of preferences in an Overlaping Generations setting with heterogeneous agents. The distribution of agents' types evolves according to a SPS dynamics {Sign-Preserving Selection dynamics} ...

In this paper we make a critic of the standard stability results already established in a basic two period OLG model. Under an alternative interpretation of the model we obtain in a more general setting that the economy ...