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Persistent link: https://www.econbiz.de/10012653362
We propose a theory of the interaction between knowledge and games. Epistemic game theory is of course a well … which other agents have and thereby affecting their actions. We concentrate on games of incomplete or imperfect information …, and study how conservative, moderate, or aggressive players might play such games. We provide models for the behavior of a …
Persistent link: https://www.econbiz.de/10011011327
Andreoni (1995) showed that pure framing effects may influence contribution in Voluntary Contribution Mechanisms (VCM) by comparing a standard public goods game, called the positive frame condition (giving to the public good), with a negative frame condition (taking from the public good) where...
Persistent link: https://www.econbiz.de/10011204307
An approach based on dynamic conjectural variations is advanced for developing dynamic advertising strategies in a Lanchester oligopoly differential game. The approach allows competitors to anticipate rival reactions to market-share state variables, and maintains the computational advantage of...
Persistent link: https://www.econbiz.de/10009208535
Performance-based contracting is reshaping service support supply chains in capital-intensive industries such as aerospace and defense. Known as "power by the hour" in the private sector and as "performance-based logistics" (PBL) in defense contracting, it aims to replace traditionally used...
Persistent link: https://www.econbiz.de/10009208764
This paper presents a consumer-based methodology for new product pricing and positioning in the face of price competition. The price competition is modelled as a Nash equilibrium for which two complementary approaches are employed: an analytical approach of duopoly provides qualitative insights...
Persistent link: https://www.econbiz.de/10009208940
Final-offer arbitration is a procedure for settling disputes between two parties in which an arbitrator chooses the final offer of the party closest to what he considers a fair settlement. This procedure is modeled as a two-person, zero-sum game of imperfect information, in which the parties are...
Persistent link: https://www.econbiz.de/10009214086
Closed-loop (perfect) equilibria in a Lanchester duopoly differential game of advertising competition are used as the basis for empirical investigation. Two systems of simultaneous nonlinear equations are formed, one from a general Lanchester model and one from a constrained model. Two empirical...
Persistent link: https://www.econbiz.de/10009214382
, one-round version of sequential bargaining games and then employ it to perform out-of-sample forecasts of multiple …-round games of various lengths, discount factors, pie sizes, and levels of bargainer experience. Except in circumstances in which …
Persistent link: https://www.econbiz.de/10009214915
The literature on many-server approximations provides significant simplifications toward the optimal capacity sizing of large-scale monopolists, but falls short of providing similar simplifications for a competitive setting in which each firm's decision is affected by its competitors' actions....
Persistent link: https://www.econbiz.de/10009218715