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A viability algorithm is developed to compute the constrained minimum time function for general dynamical systems. The algorithm is instantiated for a specific dynamics(Dubin’s vehicle forced by a flow field) in order to numerically solve the minimum time problem. With the specific...
Persistent link: https://www.econbiz.de/10011072826
implementation” is defined, and we progressively shift from a traditional “design then implementation” standpoint to a more general … theory of a model design/implementation, seen as a cross-construction process between the model and the organisation in which … the design of models. This leads to logically propose six models of model implementation: the technocratic model, the …
Persistent link: https://www.econbiz.de/10011073997
implementation based. Interestingly, typical configurations were identified on each dimension and distinct configurational patterns …
Persistent link: https://www.econbiz.de/10011166414
If a game has a unique Nash equilibrium, then this equilibrium is arguably the solution of the game from the refinement's literature point of view. However, it might be that for almost all initial conditions, all strategies in the support of this equilibrium are eliminated by the replicator...
Persistent link: https://www.econbiz.de/10011171551
The dual reduction process, introduced by Myerson, allows a finite game to be reduced to a smaller-dimensional game such that any correlated equilibrium of the reduced game is an equilibrium of the original game. We study the properties and applications of this process. It is shown that generic...
Persistent link: https://www.econbiz.de/10011073186
In this paper we present a new class of pedestrian crowd models based on the mean field games theory introduced by Lasry and Lions in 2006. This macroscopic approach is based on a microscopic model, that considers smart pedestrians who rationally interact and anticipate the future. This leads...
Persistent link: https://www.econbiz.de/10011073248
We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria. LetEbe an exchange economy with differential information. We associate a strategic market gameΓ(E) withE. We...
Persistent link: https://www.econbiz.de/10011073499
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to construct approximations...
Persistent link: https://www.econbiz.de/10011166480
Motivated by a mean field games stylized model for the choice of technologies (with externalities and economy of scale …
Persistent link: https://www.econbiz.de/10010708940
auctioned object for a minimal price. However, identity dependent externalities may lead to the formation of small rings, as … compensation for their expected (negative) externalities if the ring forms. The others may therefore profitably exclude such … externalities, showing that a ring may prefer sending an inefficient member to the auction, if the efficient member exerts …
Persistent link: https://www.econbiz.de/10011072525