Showing 1 - 10 of 208
We examine a new class of games, which we call social games, where players not only choose strategies but also choose … players in different roles, among other things. We also examine finite repetitions of games where players may choose to … rematch in any period. Some equilibria of fixed-player repeated games cannot be sustained as equilibria in a repeated social …
Persistent link: https://www.econbiz.de/10005062336
We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets whereby the growing orderliness of firms potentiates a predictable progression of market exchange innovations which themselves become beneficial only with the growing orderliness...
Persistent link: https://www.econbiz.de/10005118538
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? The adoption by Tunisia of structural reforms of its economy in a context of gradual opening since 1986, had allowed the instauration in January 1993 of the convertibility of its current...
Persistent link: https://www.econbiz.de/10005407508
payoffs.In zero-sum games the equilibrium payoff measures the value of the particular information structure which induces it …. We pose a question as to what restrictions do Bayesian games impose on the value of information. We provide answers in …
Persistent link: https://www.econbiz.de/10005407510
This paper characterizes interim efficient mechanisms for public good production and cost allocation in a two-type environment with risk neutral, quasi-linear preferences and fixed size projects, where the distribution of the private good, as well as the public goods decision, affects social...
Persistent link: https://www.econbiz.de/10005407511
This paper examines the question of the extent to which it is true that any equilibrium that is quasi-perfect in any extensive form game having a given normal form is necessarily proper. If one fixes not only the equilibrium in question but also a a sequence of completely mixed strategies...
Persistent link: https://www.econbiz.de/10005407514
where consumers are distributed on a two-dimensional square lattice and play 3$\times$3 symmetric coordination-like games …
Persistent link: https://www.econbiz.de/10005407515
In their seminal paper, Mertens and Zamir (1985) proved the existence of a universal Harsanyi type space which consists of all possible types. Their method of proof depends crucially on topological assumptions. Whether such assumptions are essential to the existence of a universal space remained...
Persistent link: https://www.econbiz.de/10005407516
Theoretical Computer Science classically aimed to develop a mathematical understanding of capabilities and limits of traditional computing architecture (Boole, von Neuman, Turing, Church, Godel), investigating in computability, complexity theory and algorithmics. Now it seems more natural to...
Persistent link: https://www.econbiz.de/10005407520
equilibrium is unique. For symmetric 2x2 and 3x3 games I give necessary and sufficient conditions for convergence and for n …*n games I give a sufficient condition. For cases in which the conditions are not satisfied counterexamples are given, in which …
Persistent link: https://www.econbiz.de/10005407522