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On 21 March 2002 the Treasurer referred the post-2005 assistance arrangements for the automotive manufacturing sector to the Commission for inquiry and report. The Commission identified three options for the reduction of tariffs, with the Government accepting the Commission’s preference for...
Persistent link: https://www.econbiz.de/10005077073
Fictitious play is the oldest and most studied learning process for games. Since the already classical result for zero-sum games, convergence of beliefs to the set of Nash equilibria has been established for some important classes of games, including weighted potential games, supermodular games...
Persistent link: https://www.econbiz.de/10005550859
It is known that every continuous time fictitious play process approaches equilibrium in every nondegenerate 2x2 and 2x3 game, and it has been conjectured that convergence to equilibrium holds generally for 2xn games. We give a simple geometric proof of this.
Persistent link: https://www.econbiz.de/10005550959
Fictitious play is the classical myopic learning process, and games with strategic complementarities are an important class of games including many economic applications. Knowledge about convergence properties of fictitious play in this class of games is scarce, however. Beyond dominance...
Persistent link: https://www.econbiz.de/10005407536
What modern game theorists describe as 'fictitious play' is not the learning process George W. Brown defined in his 1951 paper. His original version differs in a subtle detail, namely the order of belief updating. In this note we revive Brown's original fictitious play process and demonstrate...
Persistent link: https://www.econbiz.de/10005062395
from research institutions. Using data from the German innovation survey we investigate how firms are able to exploit … knowledge from external partners for successful innovation activities. The estimation results show that the determinants of … absorptive capacity differ with respect to the type of knowledge absorbed for innovation activities. In particular we find that …
Persistent link: https://www.econbiz.de/10005412880
with a closer look at the challenges for the Estonian ICT sector innovation system. …
Persistent link: https://www.econbiz.de/10005550990
This paper examines the changing pattern of technological specialization of the four small, newly industrializing economies (NIEs) from East Asia as they move up the economic development ladder. In addition, the paper also investigates whether there is convergence or divergence between these...
Persistent link: https://www.econbiz.de/10005550991
2002. In addition, the adoption of new e-business technologies by firms creates opportunities to conduct innovation, either …
Persistent link: https://www.econbiz.de/10005555995
El análisis input-output es una herramienta de gran potencialidad que permite profundizar en el conocimiento de la estructura productiva de un espacio económico. Por otro lado, el entramado sectorial constituye uno de los posibles factores determinantes en la capacidad de innovación de un...
Persistent link: https://www.econbiz.de/10005556220