Showing 1 - 10 of 57
agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …
Persistent link: https://www.econbiz.de/10009002080
experiment to test these extreme theories, but find evidence against both of them: the subjects are consistent with an …
Persistent link: https://www.econbiz.de/10010695722
We revisit and extend previous theoretical work on internationalization decisions by firms which are imperfectly informed on the state of the demand in the market into which they are planning to export or enter through foreign direct investment (FDI). The latter is a costly strategy mitigating...
Persistent link: https://www.econbiz.de/10010662641
In a game with positive externalities, such as e.g. the standard environmental externality game used in the analysis of international environmental agreements, the solutions having the property of coalitional internal stability, when they exist, are compared in this paper with the solutions with...
Persistent link: https://www.econbiz.de/10011246306
International negotiations have failed to achieve an ambitious outcome to limit climate risks. A Cournot outcome where countries determine their mitigation commitments in the full knowledge of those by others could be an important step. It would avoid a Stackelberg (leader-follower) outcome...
Persistent link: https://www.econbiz.de/10010752810
We consider a continuous-time variant of the classical Economic Lot-Sizing (ELS) problem. In this model, the setup cost is a continuous function with lower bound $K_min 0$, the demand and holding costs are integrable functions of time and the replenishment decisions are not restricted to be...
Persistent link: https://www.econbiz.de/10011094057
This paper introduces two set valued Nash equilibrium refinements that are a natural generalization of the concept of stable set of equilibria introduced in Kohlberg and Mertens (1986) and satisfy all the properties defined in Mertens (1989). It also establishes a connection between Nash...
Persistent link: https://www.econbiz.de/10011094061
Effective supply chain management relies on information integration and implementation of best practice techniques across the chain. Supply chains are examples of complex multi-stage systems with temporal and causal interrelations, operating multi-input and multi-output production and services...
Persistent link: https://www.econbiz.de/10010610479
The plea bargaining procedure, namely the viability of a stage of bargaining between prosecutor and defendant in criminal suits, is analyzed in the framework of a two-sided incomlete information game.
Persistent link: https://www.econbiz.de/10005779401
The authors investigates refinements of two solutions, the saddle and the weak saddle, defined by Shapley (1964) for two-player zero-sum games. Applied to weak tournaments, the firsy refinement, the mixed saddle, is unique and gives us a new solution, generally lying between the GETCHA and...
Persistent link: https://www.econbiz.de/10005779419