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We study a class of games with a continuum of players for which Cournot-Nash equilibria can be obtained by the minimisation of some cost, related to optimal transport. This cost is not convex in the usual sense in general but it turns out to have hidden strict convexity properties in many...
Persistent link: https://www.econbiz.de/10010899690
represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …
Persistent link: https://www.econbiz.de/10010930175
We present an axiomatization of the entropy of capacities defined on set systems which are not necessarily the whole … power set, but satisfy a condition of regularity. This entropy encompasses the definition of Marichal and Roubens for the … entropy of capacities. Its axiomatization is in the spirit of the one of Faddeev for the classical Shannon entropy. In …
Persistent link: https://www.econbiz.de/10010750597
entropy, namely the degree of disorder within a system. In this paper we assume that "complete" and "accurate" real …-time information sharing concerning product and inventory levels through RFID reduces entropy and limits its effects on the supply … informational entropy in the supply chain. …
Persistent link: https://www.econbiz.de/10011025782