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In a three player dynamic public goods experiment, social output today determines production possibilities tomorrow.In each period, players choose to sabotage, to co-operate, or to play best response.Sabotage harms social output and growth.Mutual co-operation maximises both.The property rights...
Persistent link: https://www.econbiz.de/10011090686
We report an experiment on two treatments of an ultimatum minigame.In one treatment, responders' reactions are hidden to proposers.We observe high rejection rates reflecting responders' intrinsic resistance to unfairness.In the second treatment, proposers are informed, allowing for dynamic...
Persistent link: https://www.econbiz.de/10011092134
Persistent link: https://www.econbiz.de/10011092629
supply chain configurations, studied for an Ericsson factory in Sweden.After simulating 21 scenarios (factor combinations …
Persistent link: https://www.econbiz.de/10011090976
.Experience in forward supply chain management has shown the potential of VMI by bringing the coordination of transportation and … inventory decisions to the same supply chain entity.Using information technology called telemetry, we are able to monitor …
Persistent link: https://www.econbiz.de/10011096209
In this paper we study the endogenous formation of cooperation structures or communication graphs between players in a superadditive TU game. For each cooperation structure that is formed, the payoffs to the players are determined by an exogenously given solution. We model the process of...
Persistent link: https://www.econbiz.de/10011091161
Persistent link: https://www.econbiz.de/10011091368
Although a mixed strategy can never be evolutionarily stable in a truly asymmetric contest, examples show that mixed strategies can satisfy the weaker criterion on neutral stability. This paper shows that such examples are rare, and, generically, a mixed strategy is unstable. We apply the result...
Persistent link: https://www.econbiz.de/10011091518
This paper surveys some recent developments in (non-cooperative) game theory and provides an outlook on the near future … of that theory. In particular, attention is focused on the limitations inherent in normative game theory and on attempts … to construct a behavioral version of the theory that incorporates aspects of procedural and bounded rationality. It is …
Persistent link: https://www.econbiz.de/10011092171
This paper considers a refinement of equilibria for multicriteria games based on the perfectness concept of Selten (1975). Existence of perfect equilibrium points is shown and several characterizations are provided. Furthermore, contrary to the result for equilibria for multicriteria games, an...
Persistent link: https://www.econbiz.de/10011092242