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and medium run. Furthermore, it brings forward the date that renewables take over from fossil fuel and encourages the … market to keep more fossil fuel locked up. A renewables subsidy induces faster fossil fuel extraction and thus accelerates …
Persistent link: https://www.econbiz.de/10010820342
We propose a simple payoff-based learning rule that is completely decentralized, and that leads to an efficient configuaration of actions in any n-person finite strategic-form game with generic payoffs.  The algorithm follows the theme of exploration versus exploitation and is hence stochastic...
Persistent link: https://www.econbiz.de/10009190182