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This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10008539542
This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10005751543
The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the …. We find that dominant and indifferent strategies are preserved under prospect theory. However, in absence of dominant …
Persistent link: https://www.econbiz.de/10011110809
The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive …
Persistent link: https://www.econbiz.de/10011166059
We analyse a non-zero sum two-person game introduced by Teraoka and Yamada to model the strategic aspects of production development in manufacturing. In particular we investigate how sensitive their solution concept (Nash equilibrium) is to small variations in their assumptions. It is proved...
Persistent link: https://www.econbiz.de/10010759593
This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...
Persistent link: https://www.econbiz.de/10005789359
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...
Persistent link: https://www.econbiz.de/10011257751