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In this paper we argue that ambiguity, combined with social opinion formation can be represented as part of a game-theoretic equilibrium concept that transcends the standard Nash equilibrium concept, applied to a model of the tragedy of the commons. Our modeling can shed some light on the...
Persistent link: https://www.econbiz.de/10008541300
Recent research in industrial organisation has investigated the essential place that middlemen have in the networks that make up our global economy. In this paper we attempt to understand how such middlemen compete with each other through a game theoretic analysis using novel techniques from...
Persistent link: https://www.econbiz.de/10010700754