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Least Unmatched Price Auctions: A First Approach
Eichberger, Jürgen; Vinogradov, Dmitri - 2008
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...
Persistent link: https://www.econbiz.de/10011422186
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Perfection and Stability of Stationary Points with Applications to Noncooperative Games
van der Laan, Gerard; Talman, Dolf; Yang, Zaifu - 2002
Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …
Persistent link: https://www.econbiz.de/10010324999
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Evolution, Rationality and Equilibrium in Games
Weibull, Jörgen W. - 1997
evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented in …
Persistent link: https://www.econbiz.de/10010335048
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A classroom game to teach the principles of money and banking
Hoffer, Adam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-13
This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...
Persistent link: https://www.econbiz.de/10011559177
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International environmental agreements: Incentives and political economy
Carraro, Carlo; Siniscalco, Domenico - 1997
International environmental agreements are increasingly important in a globalised economy. Beyond their specific interest, these agreements are also important in the context of coalition formation theory. Given the incentives to free ride, associated to the environment as a public good and to...
Persistent link: https://www.econbiz.de/10011608368
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An empirical model of non-equilibrium behavior in games
Kline, Brendan - In: Quantitative Economics 9 (2018) 1, pp. 141-181
actions in games, based on a structural econo- metric model of non-equilibrium behavior in games. The model is based pri …-player guessing games. The application illustrates the empirical relevance of the main features of the model. …
Persistent link: https://www.econbiz.de/10011995514
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"Lootboxes" in digital games - A gamble with consumers in need of regulation? An evaluation based on learnings from Japan
Koeder, Marco Josef; Tanaka, Ema; Mitomo, Hitoshi - 2018
games to acquire virtual items and to help monetize these games. These Lootboxes have created several negative reactions and … calls for regulation because if their gambling like elements. Japan had similar mechanics in games for a long time called … Western and Asian countries and their reasonings to regulate or not to regulate "Lootbox" mechanism in games. Regulators …
Persistent link: https://www.econbiz.de/10011944686
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The value of virtual assets: The role of game characters in MMOGs
Manninen, Tony; Kujanpää, Tomi - In: International Journal of Business Science & Applied … 2 (2007) 1, pp. 21-33
components of play that provide added-value to the players? The evolution of Massively Multiplayer Online Games (MMOGs) has been …
Persistent link: https://www.econbiz.de/10011946274
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Virtual reality and massive multiplayer online role-playing games as possible prophylaxis mathematical model: focus on COVID-19 spreading
Fiorillo, Luca; Cicciù, Marco; De Stefano, Rosa; … - In: Epidemiologic Methods 9 (2020) s1
computerized way, also to simulate epidemics, and the spread of these. There have been events in the past, in some simulation games …
Persistent link: https://www.econbiz.de/10014590661
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Passion, women and the games industry : influences on women's participation in the Australian digital content industry
Geneve, Anitza; Nelson, Karen J.; Christie, Ruth J. - 2008
’s participation in the Australian Digital Content Industry (DCI) sector of games production. It provides rich descriptive insights …
Persistent link: https://www.econbiz.de/10009437718