Showing 1 - 10 of 165
) and relaxations (rationalizability and correlated equilibria).<br/>Motivated by experiments that show systematic theory …
Persistent link: https://www.econbiz.de/10011144456
Persistent link: https://www.econbiz.de/10011090531
Persistent link: https://www.econbiz.de/10011090552
Persistent link: https://www.econbiz.de/10011091692
Finite potential games have Nash equilibria in pure strategies.This note provides some results on the existence of equilibria or approximate equilibria if some players have infinite sets of strategies.
Persistent link: https://www.econbiz.de/10011091983
Persistent link: https://www.econbiz.de/10011092116
A basic issue in transboundary fishery management is the new member problem. In this paper we address the problem of allocating the profits between the charter members and the entrants, once the nations concerned have expressed an interest in achieving an agreement.Using game theory we argue...
Persistent link: https://www.econbiz.de/10011092173
This paper introduces a simple extensive form pricing game.The Bertrand outcome is a Nash equilibrium outcome in this game, but it is not necessarily subgame perfect.The subgame perfect equilibrium outcome features the following comparative static properties.The more similar firms are, the...
Persistent link: https://www.econbiz.de/10011092583
Persistent link: https://www.econbiz.de/10011092622
In normal-form games, rationalizability (Bernheim [3], Pearce [11]) on its own fails to exclude some very implausible … strategy choices. Three main refinements of rationalizability have been proposed in the literature: cautious, perfect, and … proper rationalizability. Nevertheless, some of these refinements also fail to eliminate unreasonable outcomes and suffer …
Persistent link: https://www.econbiz.de/10011091444