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In “Coordination of Supply Chains with Risk-Averse Agents” (POMS, Volume 13, 2004), we study the issue of coordination in supply chains involving risk-averse agents, and define a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. We then develop...
Persistent link: https://www.econbiz.de/10012838107
The extant supply chain management literature has not addressed the issue of coordination in supply chains involving risk-averse agents. We take up this issue and begin with defining a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. Our definition...
Persistent link: https://www.econbiz.de/10012772798
In this paper I examine the influence which a population of different behavioral types may have on the provision of public goods. In particular, the population or subject pool consists of three behavioral types: myopic selfish agents, enlightened selfish agents and ethically motivated agents. I...
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This paper yields sufficient conditions for Pareto inoptimality of controls forming Nash equilibria in differential games. In Appendix a result on existence of open loop Nash equilibria is added. -- Differential games ; Nash equilibria ; Pareto improvements.
Persistent link: https://www.econbiz.de/10009154849
In this paper we show how the Kolm triangle method, which is a standard tool for visualizing allocations in a public good economy, can also be used to provide a diagrammatical exposition of matching mechanisms and their effects on public good supply and welfare. In particular, we describe, on...
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In this paper we study non cooperative games with potential as introduced by Monderer and Shapley in 1996. We extend the notions of weighted and ordinal potential games to a multicriteria setting and study their Pareto equilibria. The importance of these games is the existence of Pareto...
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