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development of the theory presented here, and to its economic applications. They propose rational criteria for selecting one … be remodelled as a noncooperative bargaining game, their theory defines a one-point solution for any cooperative game as … a remarkable degree of theoretical unification for game theory as a whole and provides a deeper insight into the nature …
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from market analysis and game theory to the microeconomic foundations of macroeconomics and from equilibrium and optimality … with missing markets to economics and society, they reflect the diversity of modern research in economic theory. What …
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This advanced text introduces the principles of noncooperative game theory - including strategic form games, Nash … given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of …. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been …
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laboratory experiment that incorporates more aspects of real world complexity and more different sorts of official and private …-conflict model of exchange rate determination , and is within an umbrella theory of Pope, namely SKAT, the Stages of Knowledge Ahead … Theory. SKAT allows for risk effects from stages omitted in normal models, including those from (a) difficulties of agents in …
Persistent link: https://www.econbiz.de/10008457976
Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool...
Persistent link: https://www.econbiz.de/10004989614
Opinion is divided on whether it is better to have a single world   money or variable exchange rates.  Pope, Selten and von Hagen (2003)   propose that fresh light would be shed via an analysis that allows   for seven complexity impacts on the exchange rate that are   underplayed...
Persistent link: https://www.econbiz.de/10004968330