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-output theory pioneered by Wassily Leontief. …
Persistent link: https://www.econbiz.de/10009651558
One answers to an open question of Herings et al. (2008), by proving that their fixed point theorem for discontinuous functions works for mappings defined on convex compact subset of $\R^n$, and not only polytopes. This fixed point theorem can be applied to the problem of Nash equilibrium...
Persistent link: https://www.econbiz.de/10009643775
user. A simple game theory-based model is presented where both a search engine and a content provider interact …
Persistent link: https://www.econbiz.de/10010607349
We deal with the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the...
Persistent link: https://www.econbiz.de/10010723292
One answers to an open question of Herings et al. (2008), by proving that their fixed point theorem for discontinuous functions works for mappings defined on convex compact subset of a Euclidean space, and not only polytopes. This rests on a fixed point result of Toussaint
Persistent link: https://www.econbiz.de/10010750537
convex compact subset of Rn, and not only polytopes. Such extension is important in non-cooperative game theory, where … typical strategy sets are convex and compact. An application in game theory is given. …
Persistent link: https://www.econbiz.de/10010750719
which has been widely used in implementation theory, taking into consideration that changes in outcome may be sustained not …
Persistent link: https://www.econbiz.de/10010750768
We introduce a condition, uniform payoff security, for games with separable metric strategy spaces and payoffs bounded and measurable in players' strategies. We show that if any such metric game G is uniformly payoff secure, then its mixed extension G is payoff secure. We also establish that if...
Persistent link: https://www.econbiz.de/10010750855
In a recent but well known paper, Reny has proved the existence of Nash equilibria for compact and quasiconcave games, with possibly discontinuous payoff functions. In this paper, we prove that the quasiconcavity assumption in Reny's theorem can be weakened: roughly, we introduce a measure...
Persistent link: https://www.econbiz.de/10010751013
A power system is modeled by an interaction form, the solution of which is called a settlement. By stability we mean the existence of some settlement for any preference profile. Like in other models of power structure, instability is equivalent to the existence of a cycle. Structural properties...
Persistent link: https://www.econbiz.de/10010751036