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Chapter 62 Game theory and experimental gaming

Shubik, Martin - In: Handbook of game theory with economic applications : …, (pp. 2327-2351). 2002

This is a survey and discussion of work covering both formal game theory and experimental gaming prior to 1991. It is a useful preliminary introduction to the considerable change and emphasis which has taken place since that time where dynamics, learning, and local optimization have challenged...

Persistent link: https://www.econbiz.de/10014024483

Chapter 5. Coalition Formation

Ray, Debraj; Vohra, Rajiv - In: Handbook of game theory with economic applications : …, (pp. 239-326). 2015

This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more … payoffs at each date according to the coalition structure prevailing at the time. We use this model to nest two broad … approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …

Persistent link: https://www.econbiz.de/10014025454

Lampe, Martin von; Deconinck, Koen; Bastien, Véronique - 2016

This report provides a conceptual foundation for the analysis of international regulatory co-operation (IRC) and its potential benefits through reduced trade costs. Different forms of IRC aiming to reduce specification, conformity assessment and information costs - which can arise from...

Persistent link: https://www.econbiz.de/10011582094

Coalitions, tipping points and the speed of evolution

Newton, Jonathan; Angus, Simon D. - In: Journal of Economic Theory 157 (2015) C, pp. 172-187

This study considers waiting times for populations to achieve efficient social coordination. Belloc and Bowles [1] conjecture that coalitional behavior will hasten such coordination. This turns out to be true when every member of the population interacts with every other member, but does not...

Persistent link: https://www.econbiz.de/10011263589

Coalitional stochastic stability

Newton, Jonathan - In: Games and Economic Behavior 75 (2012) 2, pp. 842-854

This paper takes the idea of coalitional behavior – groups of people occasionally acting together to their mutual benefit – and incorporates it into the framework of evolutionary game theory that underpins the social learning literature. An equilibrium selection criterion is defined which we...

Persistent link: https://www.econbiz.de/10010577245

A coopetitive model for the green economy

Carfì, David; Schilirò, Daniele - In: Economic Modelling 29 (2012) 4, pp. 1215-1219

The paper proposes a coopetitive model for the Green Economy. It addresses the issue of the climate change policy and the creation and diffusion of low-carbon technologies. In the present paper the complex construct of coopetition is applied at macroeconomic level. The model, based on Game...

Persistent link: https://www.econbiz.de/10011048780