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Link formation in cooperative situations
Dutta, B.; van den Nouweland, C.G.A.M.; Tijs, S.H. - Tilburg University, Center for Economic Research - 1995
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
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Core implementation in modified strong and coalition proof Nash equilibria
Borm, Peter; Otten, G.J.M.; Peters, H.J.M. - Tilburg University, Center for Economic Research - 1992
Persistent link: https://www.econbiz.de/10011091368
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On te generic stability of mixed strategies in asymmetric contests
Bhaskar, V. - Tilburg University, Center for Economic Research - 1995
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
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Game theory : The next stage
van Damme, Eric - Tilburg University, Center for Economic Research - 1995
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
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A perfectness concept for multicriteria games
Borm, Peter; van Megen, F.; Tijs, S.H. - Tilburg University, Center for Economic Research - 1995
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
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Is altruism evolutionarily stable ?
Bester, H.; Güth, W. - Tilburg University, Center for Economic Research - 1994
We develop an evolutionary approach to explain altruistic preferences. Given their preferences, individuals interact rationally with each other. By comparing the success of players with different preferences, we investigate whether evolution favors altruistic or selfish attitudes. The outcome...
Persistent link: https://www.econbiz.de/10011092487
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Cartel Formation under Incomplete Information : on the Requirements of Collusion-Proofness
Pouyet, J.; Verouden, V.C.H.M. - Tilburg University, Center for Economic Research - 2000
Persistent link: https://www.econbiz.de/10011090624
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Role of the Economic Characteristics of Collateral
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2012
associated with the empirical dominance of different risk-collateral channels implied by economic theory, namely the “lender …
Persistent link: https://www.econbiz.de/10011090718
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The Dynamics in Requested and Granted Loan Terms when Bank and Borrower Interact Repeatedly
Kirschenmann, K. - Tilburg University, Center for Economic Research - 2010
This paper studies how credit constraints develop over bank relationships. I analyze a unique dataset of matched loan application and loan contract information and measure credit constraints as the ratio of requested to granted loan amounts. I find that the most important determinants of...
Persistent link: https://www.econbiz.de/10011091005
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The Price Impact of Trades in Illiquid Stocks in Periods of High and Low Market Activity
Nijman, Theo; van soest, arthur; Spierdijk, L. - Tilburg University, Center for Economic Research - 2002
Using high frequency data on ten infrequently traded stocks during the year 1999, we measure the information content of a trade and its relation to the trading intensity.While the price impact curve for frequently traded stocks monotonically increases towards the full information price, we find...
Persistent link: https://www.econbiz.de/10011091010