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A viability algorithm is developed to compute the constrained minimum time function for general dynamical systems. The algorithm is instantiated for a specific dynamics(Dubin’s vehicle forced by a flow field) in order to numerically solve the minimum time problem. With the specific...
Persistent link: https://www.econbiz.de/10011072826
implementation” is defined, and we progressively shift from a traditional “design then implementation” standpoint to a more general … theory of a model design/implementation, seen as a cross-construction process between the model and the organisation in which … the design of models. This leads to logically propose six models of model implementation: the technocratic model, the …
Persistent link: https://www.econbiz.de/10011073997
implementation based. Interestingly, typical configurations were identified on each dimension and distinct configurational patterns …
Persistent link: https://www.econbiz.de/10011166414
For many years it was fashionable to treat macroeconomics and microeconomics as separate subjects without looking too deeply at the relationship between the two. But in the 1970s there occurred an episode of high inflation and high unemployment, which was inconsistent with orthodox theory. As a...
Persistent link: https://www.econbiz.de/10004973296
Public Regulation studies the formation of institutions and government policies that regulate industry, offering new data, new contexts, and new tools for analyzing the structure and performance of regulatory activity. It addresses both how these institutions and policies came into being and how...
Persistent link: https://www.econbiz.de/10005034439
In this article, we extend Brouwer's fixed point theorem – which states that every continuous mapping f :B→B (a closed ball of Rn ) must have a fixed point – by allowing discontinuities of f, and we apply this extension to equilibrium theory in Economics.
Persistent link: https://www.econbiz.de/10011073926
If a game has a unique Nash equilibrium, then this equilibrium is arguably the solution of the game from the refinement's literature point of view. However, it might be that for almost all initial conditions, all strategies in the support of this equilibrium are eliminated by the replicator...
Persistent link: https://www.econbiz.de/10011171551
The dual reduction process, introduced by Myerson, allows a finite game to be reduced to a smaller-dimensional game such that any correlated equilibrium of the reduced game is an equilibrium of the original game. We study the properties and applications of this process. It is shown that generic...
Persistent link: https://www.econbiz.de/10011073186
In this paper we present a new class of pedestrian crowd models based on the mean field games theory introduced by Lasry and Lions in 2006. This macroscopic approach is based on a microscopic model, that considers smart pedestrians who rationally interact and anticipate the future. This leads...
Persistent link: https://www.econbiz.de/10011073248
We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria. LetEbe an exchange economy with differential information. We associate a strategic market gameΓ(E) withE. We...
Persistent link: https://www.econbiz.de/10011073499