19 citations · 19 across the 3 of their papers we have counts for
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econ.GN2016
The Industry Supply Function and the Long-Run Competitive Equilibrium with Heterogeneous Firms
Ignacio Esponda, Demian Pouzo
In developing the theory of long-run competitive equilibrium (LRCE), Marshall (1890) used the notion of a representative firm. The identity of this firm, however, remained unclear.…
econ.GN2015
Equilibrium in Misspecified Markov Decision Processes
Ignacio Esponda, Demian Pouzo
We study Markov decision problems where the agent does not know the transition probability function mapping current states and actions to future states. The agent has a prior belie…
econ.GN2014
Berk-Nash Equilibrium: A Framework for Modeling Agents with Misspecified Models
Ignacio Esponda, Demian Pouzo
We develop an equilibrium framework that relaxes the standard assumption that people have a correctly-specified view of their environment. Each player is characterized by a (possib…