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The Consensus Value for Games in Partition Function Form

Ju, Y. - Tilburg University, Center for Economic Research - 2004

consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …

Persistent link: https://www.econbiz.de/10011091966

Link formation in cooperative situations

Dutta, B.; van den Nouweland, C.G.A.M.; Tijs, S.H. - Tilburg University, Center for Economic Research - 1995

In this paper we study the endogenous formation of cooperation structures or communication graphs between players in a superadditive TU game. For each cooperation structure that is formed, the payoffs to the players are determined by an exogenously given solution. We model the process of...

Persistent link: https://www.econbiz.de/10011091161

Core implementation in modified strong and coalition proof Nash equilibria

Borm, Peter; Otten, G.J.M.; Peters, H.J.M. - Tilburg University, Center for Economic Research - 1992

Persistent link: https://www.econbiz.de/10011091368

On te generic stability of mixed strategies in asymmetric contests

Bhaskar, V. - Tilburg University, Center for Economic Research - 1995

Although a mixed strategy can never be evolutionarily stable in a truly asymmetric contest, examples show that mixed strategies can satisfy the weaker criterion on neutral stability. This paper shows that such examples are rare, and, generically, a mixed strategy is unstable. We apply the result...

Persistent link: https://www.econbiz.de/10011091518

Game theory : The next stage

van Damme, Eric - Tilburg University, Center for Economic Research - 1995

This paper surveys some recent developments in (non-cooperative) game theory and provides an outlook on the near future … of that theory. In particular, attention is focused on the limitations inherent in normative game theory and on attempts … to construct a behavioral version of the theory that incorporates aspects of procedural and bounded rationality. It is …

Persistent link: https://www.econbiz.de/10011092171

A perfectness concept for multicriteria games

Borm, Peter; van Megen, F.; Tijs, S.H. - Tilburg University, Center for Economic Research - 1995

This paper considers a refinement of equilibria for multicriteria games based on the perfectness concept of Selten (1975). Existence of perfect equilibrium points is shown and several characterizations are provided. Furthermore, contrary to the result for equilibria for multicriteria games, an...

Persistent link: https://www.econbiz.de/10011092242

Is altruism evolutionarily stable ?

Bester, H.; Güth, W. - Tilburg University, Center for Economic Research - 1994

We develop an evolutionary approach to explain altruistic preferences. Given their preferences, individuals interact rationally with each other. By comparing the success of players with different preferences, we investigate whether evolution favors altruistic or selfish attitudes. The outcome...

Persistent link: https://www.econbiz.de/10011092487

A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis

Villani, Giovanni - CESifo - 2009

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV …

Persistent link: https://www.econbiz.de/10005013067

Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Resende, Marcelo; Zeidan, Rodrigo M. - CESifo - 2011

The paper undertakes a cross-sectoral analysis of a salient empirical implication of the model of tacit collusion advanced by Abreu et al (1986). Specifically, the prevalence of a first order Markovian process for alternating between price wars and collusive periods is assessed by means of...

Persistent link: https://www.econbiz.de/10009352229

The Eurozone Needs Exit Rules

Fahrholz, Christian; Wójcik, Cezary - CESifo - 2012

This paper argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...

Persistent link: https://www.econbiz.de/10010553271

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