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This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10011186235
costs after dropping out (as in a natural-oligopoly problem), the field is immediately reduced to N + 1 firms. Furthermore …
Persistent link: https://www.econbiz.de/10005463982
This is the first projected series of papers on solutions to games in matrix and extensive form.
Persistent link: https://www.econbiz.de/10005593149
We introduce a model of the 2 x 2 games played by agents or subordinates of the players. We assume that each agent or subordinates of the players. We assume that each agent is not as perceptive as his commander in that he can make only two distinctions among the four outcomes whose value can be...
Persistent link: https://www.econbiz.de/10005593204
solution concepts in cooperative game theory. Since 1980 the three basic games noted below have been used with five more or …
Persistent link: https://www.econbiz.de/10005593262
The two most fundamental questions in cooperative game theory are: When a game is played, what coalitions will be … bargaining set, which is the first solution concept in cooperative game theory that simultaneously provides answers to both of …
Persistent link: https://www.econbiz.de/10005593467
History has seen many examples of the lone man ñ like Christ, Luther, Gandhi, or Hitler -- who without initial wealth or position, succeeds in changing the behavior of an entire society, for good or for ill. Whence comes this power. No doubt such leaders have possessed extraordinary ability,...
Persistent link: https://www.econbiz.de/10005463938
This essay offers an exposition of the potential uses of game theoretic reasoning and mathematical models in the study of the prevention of nuclear war.
Persistent link: https://www.econbiz.de/10005249153
Decision theory and game theory are extended to allow for information processing errors. This extended theory is then …
Persistent link: https://www.econbiz.de/10005249171
This paper is devoted to a discussion of several simple experimental games used in a series of lectures on game theory …
Persistent link: https://www.econbiz.de/10005249181