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costs after dropping out (as in a natural-oligopoly problem), the field is immediately reduced to N + 1 firms. Furthermore …
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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...
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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.
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Decision theory and game theory are extended to allow for information processing errors. This extended theory is then …
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This paper is devoted to a discussion of several simple experimental games used in a series of lectures on game theory …
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The central contribution of game theory to defense analysis has been a language for the understanding of how to … this discussion that two fundamentally different classes of application of game theory to problems in defense have emerged …. The first is the application of two-person zero sum game theory to military, primarily tactical situations which for the …
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According to Some Scholars Who Wrote on Risk-Taking, the Question Why Are There Multiple Prizes in Lottery Games Seems to Be - Quotes Milton Friedman - "One of the Chief Intellectual Issues Open in This Area". Elying on Brenner's (1983, 1985, 1987) Model, a Straightforward Explanation Can Be...
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