Showing 1 - 10 of 166
.The game theoretic solution predicts (assuming risk neutrality) that actors are willing to accept wages below their outside … rejected by the data.The data are better explained by either equity theory (equal splits) or by a game theoretic model where … actors have uncertain risk aversion.The parameters of the game are calibrated to match data on 99 movies for 1989 available …
Persistent link: https://www.econbiz.de/10011090688
Purpose – Provide insight into the determinants or constructs that enable informally networked supply chains to operate in order to achieve improved operational performance. Design/methodology/approach – The research is based on a wide literature review, focused on the identification of...
Persistent link: https://www.econbiz.de/10011090946
which we have to deal with coupled black boxes.We de.ne three coordination methods: parallel simulation, sequential … product designs, coordination complexityand the use of prior information.Special attention is given to the throughput time … coordination methods.At the end of this paper we summarize the results and give recommendations on the choice of a suitable …
Persistent link: https://www.econbiz.de/10011091077
We report the results of a series of experimental Bertrand duopolies where firms have convex costs. Theoretically these duopolies are characterized by a multiplicity of Nash equilibria. Using a 2x2 design, we analyze price choices in symmetric and asymmetric markets under 2 information...
Persistent link: https://www.econbiz.de/10011091104
We report experimental results on exclusive dealing inspired by the literature on "naked exclusion". Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...
Persistent link: https://www.econbiz.de/10011091667
requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …
Persistent link: https://www.econbiz.de/10011092741
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