Showing 1 - 10 of 151
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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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...
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
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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This paper uses longitudinal data to perform tests of asymmetric information in the French automobile insurance market …).We demonstrate that the result of the test depends crucially on how the dynamic process between insurance claims and contract choice …
Persistent link: https://www.econbiz.de/10011090444
Nowadays many employers offer their employees the possibility of an insurance against too large losses in income when … atmost for the insurance. Since this is private information for an employee and hence not known to the employer, he needs to …
Persistent link: https://www.econbiz.de/10011090662
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …
Persistent link: https://www.econbiz.de/10011090789