Showing 1 - 10 of 81
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
Persistent link: https://www.econbiz.de/10011091368
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
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
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
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
This paper attempts to explore the possibilities of a viable transport network in the long run which can respond to the demand for communication by people of Tripura as well as the demand of Tripura’s projected economy. Since, Tripura is constantly facing the problem of lack of a smooth...
Persistent link: https://www.econbiz.de/10011259372
-player model in order to analyze the interaction between the taxpayer and the IRS and the main tool we use is game theory. We …
Persistent link: https://www.econbiz.de/10005014729
This paper develops a model of noncooperative network formation. Link formation is two-sided. Information flow is two-way. The paper is based on Bala and Goyal (2000) with the following difference in assumption: the value of information decays as it flows through each agent, and the decay is...
Persistent link: https://www.econbiz.de/10009652918
The aim of this paper is to propose a methodology to stabilize the financial markets by adopting Game Theory, in …
Persistent link: https://www.econbiz.de/10009652924