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The evolution of Walrasian behavior in two-sided market.

本論文擴展Young(1993b)所提出的演化議價模型(evolutionary bargaining model)以容許一個包含多個買家和賣家的雙邊市場。 本文應用隨機穩定性(stochasticstability)作為解決方案概念,發現當市場雙邊參與者的人數相同時,長期穩定分成會收歛到納什談判解 (Nash bargaining solution),這和 Young的發現相符。然而, 若雙邊參與者的人數並不相同。則長遠而言,人數較少的一方將分得近乎所有得益.此結論符合瓦爾拉斯結論(Walrasian outcome)。 / This thesis extends the evolutionary bargaining model of Young (1993b), to allow for a two-sided market with multiple numbers of buyer and seller. Applying the solution concept of stochastic stability, we find that if the number of players in the two sides are symmetrical, then the long run stable division converges to the Nash bargaining solution, which coincides with Young's finding. However, if the number of players in the two sides are asymmetrical, then the smaller side obtains almost all of the surplus in the long run, which is consistent with the unique Walrasian outcome. / Detailed summary in vernacular field only. / Tam, Yin Chi. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2012. / Includes bibliographical references (leaves 52-53). / Abstracts also in Chinese. / Abstract --- p.i / 摘要 --- p.ii / Acknowledgements --- p.iii / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Literature Review --- p.6 / Chapter 3. --- The Model --- p.8 / Chapter 4. --- Convergence of the Evolutionary Bargaining Process --- p.14 / Chapter 5. --- Mutations in the Evolutionary Bargaining Process --- p.16 / Chapter 6. --- Generic Stability --- p.19 / Chapter 6.1 --- Asymmetric Market and the Walrasian Outcome --- p.20 / Chapter 6.2 --- Symmetric Market and the Nash Bargaining Solution --- p.23 / Chapter 7. --- Discussion --- p.25 / Chapter 8. --- Conclusion --- p.27 / Appendix --- p.28 / Proof of Theorem 3 --- p.28 / Figures and Tables: --- p.46 / References --- p.52

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_328609
Date January 2012
ContributorsTam, Yin Chi., Chinese University of Hong Kong Graduate School. Division of Economics.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatelectronic resource, electronic resource, remote, 1 online resource (iv, 53 leaves) : ill. (some col.)
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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