Showing 1 - 10 of 62
This paper introduces a core concept, called the γ-core, in the primitive framework of a strategic game. For a certain class of strategic games, it is a weaker concept than the strong Nash equilibrium, but in general stronger than the conventional α- and β- cores. We argue that the coalition...
Persistent link: https://www.econbiz.de/10008550191
a dynamic learning process leading the players to playing strategies from a minimal strong curb set. …
Persistent link: https://www.econbiz.de/10008550176
I examine the behavior of subjects in common value auctions with both experienced and inexperienced bidders in the same market. Subjects know that they are competing against both experienced and inexperienced subjects and can observe bidding behavior of their opponents after an auction round....
Persistent link: https://www.econbiz.de/10005065347
solve a benchmark problem without learning behavior. At the date of switching, the consumption level is shown to drop, as … induced growth advantage. In a second step, we introduce learning. The learning curve involves fixed costs and incentives to … wait as well. Adoption is shown to depend on the growth advantage of switching net of obsolescence and learning fixed costs …
Persistent link: https://www.econbiz.de/10005043528
In a game with rational expectations individuals refine their information with the information revealed by strategies of other individuals: the elementary acts of other individuals at each state fo the world. At a Nash game with rational expectations, the information of individuals is...
Persistent link: https://www.econbiz.de/10005634162
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
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
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
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