Similar Search Results

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 2008

In this paper we view bargaining and cooperation as an interaction superimposed on a strategic form game. A multistage bargaining procedure for N players, the “proposer commitment” procedure, is presented. It is inspired by Nash’s two-player variable-threat model; a key feature is the...

Persistent link: https://www.econbiz.de/10005772305

A general class of adaptative strategies

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 1999

We exhibit and characterize an entire class of simple adaptive strategies, in the repeated play of a game, having the Hannan-consistency property: In the long-run, the player is guaranteed an average payoff as large as the best-reply payoff to the empirical distribution of play of the other...

Persistent link: https://www.econbiz.de/10005772374

Endogenous price leadership

Damme, Eric van; Hurkens, Sjaak - Department of Economics and Business, Universitat … - 2001

We consider a linear price setting duopoly game with di®erentiated products and determine endogenously which of the players will lead and which will follow. While the follower role is most attractive for each firm, we show that waiting is more risky for the low cost firm so that, consequently,...

Persistent link: https://www.econbiz.de/10005772324

Endogenous price leadership

Damme, Eric van; Hurkens, Sjaak - Department of Economics and Business, Universitat … - 1998

We consider a linear price setting duopoly game with differentiated products and determine endogenously which of the players will lead and which will follow. While the follower role is most attractive for each firm, we show that waiting is more risky for the low cost firm so that, consequently,...

Persistent link: https://www.econbiz.de/10005704872

On optimal location with treshold requirements

Carreras, Miquel; Serra, Daniel - Department of Economics and Business, Universitat … - 1997

The optimal location of services is one of the most important factors that affects service quality in terms of consumer access. On the other hand, services in general need to have a minimum catchment area so as to be efficient. In this paper a model is presented that locates the maximum number...

Persistent link: https://www.econbiz.de/10005771927

On optimal location with treshold requirements

Carreras, Miquel; Serra, Daniel - Department of Economics and Business, Universitat … - 1997

Persistent link: https://www.econbiz.de/10005772083

Surviving in a competitive spatial market: The threshold capture model

Serra, Daniel; Revelle, Charles; Rosing, Ken - Department of Economics and Business, Universitat … - 1999

are several competitors already located. This market is such that for each outlet there is a demand threshold level that … share taking into account the threshold level. It may happen that due to this new entrance, some competitors will not be … able to meet the threshold and therefore will disappear. A formulation is presented together with a heuristic solution …

Persistent link: https://www.econbiz.de/10005772426

Financing constraints, irreversibility and investment dynamics

Caggese, Andrea - Department of Economics and Business, Universitat … - 2001

irreversibility constraints. The financing constraint implies that firms cannot borrow unless the debt is secured by collateral; the … irreversibility constraint that they can only sell their fixed capital by selling their business. We use this model to examine the … idiosyncratic and aggregate shocks. Our model yields three main results. First, the effect of the irreversibility constraint on …

Persistent link: https://www.econbiz.de/10005772462

Toward a theory of labor market institutions

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 1999

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

Persistent link: https://www.econbiz.de/10005772279

Stochastic uncoupled dynamics and Nash equilibrium

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 2004

In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...

Persistent link: https://www.econbiz.de/10005827501