Showing 1 - 10 of 142
This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10010750958
Despite the large number of its references, this paper is less a survey than a systematic exposition, in an unifying framework and assuming convexity as well on the consumption side as on the production side, of the different equilibrium concepts elaborated for studying provision of public...
Persistent link: https://www.econbiz.de/10010738483
Despite the large number of its references, this paper is less a survey than a systematic exposition, in an unifying framework ans assuming convexity as well on the consumption side as on the production side, of the different equilibrium concepts elaborated for studying provision of public...
Persistent link: https://www.econbiz.de/10010750998
Un processus d'intériorisation du modèle de marché semble bien à l'oeuvre, repérable dans les modalités de l'articulation entre les comportements et pratiques et l'organisation du social. Il s'agit de prendre la mesure de l'emprise de cette logique marchande et de comprendre par quels...
Persistent link: https://www.econbiz.de/10008790309
Explicit formulas for the asymptotic value and the asymptotic minmax of finite discounted absorbing games are provided. New simple proofs for the existence of the limits when the players are more and more patient (i.e. when the discount factor goes zero) are given. Similar characterizations for...
Persistent link: https://www.econbiz.de/10008793683
In this paper, we give new sufficient conditions for the existence of a solution of theg-maximum equality. As a consequence, we prove a new fixed point theorem. We also prove a new theorem of existence of Nash equilibrium.
Persistent link: https://www.econbiz.de/10008794128
Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of controversy in economics. The development of evolutionary game theory has provided an equilibrium concept more directly connected with adjustment dynamics, and the evolutionary...
Persistent link: https://www.econbiz.de/10008794335
Based on the notion of equilibrium of a coalition P relatively to a coalition K, of Berge, Zhukovskii has introduced Berge equilibrium as an alternative solution to Nash equilibrium for non cooperative games in normal form. The essential advantage of this equilibrium is that it does not require...
Persistent link: https://www.econbiz.de/10008794336
This article analyses the possibility of firms learning collusive solutions in a Cournot quantity game. Starting from the results of Vallée and Yildizoglu (2009) and of Alos-Ferrer (2004), we study the role of random experimenting, social learning (imitation), and (updated) memory in helping...
Persistent link: https://www.econbiz.de/10008794428
In this methodological paper, we prove that the key tax competition game introduced by Zodrow and Mieszkowski (1986) and Wildasin (1988), extended to asymmetric regions, possesses a Nash equilibrium under several assumptions commonly adopted in the literature : goods are supposed to be normal ;...
Persistent link: https://www.econbiz.de/10010603653