eprintid: 14429
rev_number: 25
eprint_status: archive
userid: 600
dir: disk0/00/01/44/29
datestamp: 2009-07-09 10:18:34
lastmod: 2015-07-19 02:09:27
status_changed: 2009-07-09 10:18:34
type: working_paper
metadata_visibility: show
creators_name: Lahkar, R.
title: Logit dynamic for continuous strategy games: existence of solutions
ispublished: pub
subjects: 13200
abstract: We define the logit dynamic in the space of probability measures for a game with a compact
and continuous strategy set. The original Burdett and Judd (1983) model of price dispersion
comes under this framework. We then show that if the payoff functions of the game satisfy
Lipschitz continuity under the strong topology in the space of signed measures, the logit dynamic
admits a unique solution in the space of probability measures. As a corollary, we obtain that
logit dynamic generated by the original Burdett and Judd model is well defined.
date: 2007-08
publisher: ESRC Centre for Economic Learning and Social Evolution
official_url: http://else.econ.ucl.ac.uk/newweb/papers.php#2007
oa_status: green
language: eng
primo: open
primo_central: open_green
full_text_status: public
series: ELSE Working Papers
number: 270
place_of_pub: London, UK
citation:        Lahkar, R.;      (2007)    Logit dynamic for continuous strategy games: existence of solutions.                    (ELSE Working Papers  270). ESRC Centre for Economic Learning and Social Evolution: London, UK.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/14429/1/14429.pdf