The aim of this note is about the formalization of the problem of open- access natural resourses by the prisonner's dilemma game. The extreme simplification of the metaphor between prisonner's dilemma and the "tragedy of the commons" leads to imagine only two strategies...

This paper considers a model of oligopolistic competition and locational choice that incorporates the notion of regional industrial systems. Firms play a non cooperative game where the strategy set of firms is given by a set of existing industrial districts. Each firm is distinguished by its...

I study an evolutionary model of equilibrium selection in supermodular games where players are involved in simultaneous play. This is taken to refer to a context, in contrast with most evolutionary literature, where players' objective is to have their actions match a certain statistic of the...

We apply the dynamic stochastic framework proposed by recent evolutionary literature to the class of strict supermodular games when two simple behavior rules coexist in the population, imitation and myopic optimization.

This paper deals with a simple, Keynesian growth model. The main issue is whether Nash bargaining about wages may help to avoid cycles. Our result comes somewhat in the negative: Cycles may still persist. Their existence or emergence is related to violent investment behavior near the long-run,...

This paper generalizes the results of Suijs, De Waegenaere and Borm (1998) to arbitrary risks. It provides Pareto optimal allocations and shows that the zero utility premium calculation principle yields a core-allocation.

This paper analyzes linear production situations with price uncertainty, and shows that the corresponding stochastic linear production games are totally balanced. It also shows that investment funds, where investors pool their individual capital for joint investments in financial assets, fit...