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-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those …The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one … of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game …
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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...
Persistent link: https://www.econbiz.de/10011186235
dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and … macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal …
Persistent link: https://www.econbiz.de/10005233383
dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and … macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal …
Persistent link: https://www.econbiz.de/10005237360
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