Transitional dynamics in network game with heterogeneous agents: stochastic case
2021 ◽
Vol 13
(1)
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pp. 102-129
Keyword(s):
In this paper, stochastic parameters are introduced into the network games model with production and knowledges externalities. This model was formulated by V. Matveenko and A. Korolev and generalized two-period Romer model. Agents' productivities have deterministic and Wiener components. The research represents the dynamics of a single agent and the dynamics in a triangle which occurs in the process of unifying agents. Explicit expressions of the dynamics of a single agent and dyad agents in the form of Brownian random processes were obtained. A qualitative analysis of the solutions of stochastic equations and systems was carried out.
Keyword(s):
Keyword(s):
Keyword(s):
1977 ◽
Vol 16
(3)
◽
pp. 348-358
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2013 ◽
Vol 15
(3)
◽
pp. 47-60