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The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10009328147
This paper presents a model of oligopolistic competition under horizontal differentiation of products and a triangular distribution of consumers. The triangular distribution aims to represent a case of concentration of consumers around the central location. The main result is that a good deal of...
Persistent link: https://www.econbiz.de/10005623286
noncooperative games with imperfect information . The problem can be summarized as follows : disclosure that is, (less anonymity) may …
Persistent link: https://www.econbiz.de/10005623471
"Oppositional Analysis" - the name I give to the metaphysics presented in this volume - proposes a number of dichotomies through which one may analyze and understand systematically the structure of every level of reality. Macroeconomic theory, as well as social research, are two excellent stages...
Persistent link: https://www.econbiz.de/10011258411
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10011260672
In sum, in these essays I explore the self-similarity between levels, the fractal structure of reality, through an investigation of an inherent and unavoidable uncertainty which is unique to each level. These essays will demonstrate that as each level struggles to resolve its own inherent...
Persistent link: https://www.econbiz.de/10011260442
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium … and noncooperative reaction of non deviators. We show that CCE exist for all symmetric supermodular games. Furthermore, we … discuss the existence of a CCE in specific submodular games employed in the literature on environmental agreements. …
Persistent link: https://www.econbiz.de/10009294679
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium … and noncooperative reaction of non deviators. We show that CCE exist for all symmetric supermodular games. Furthermore, we … discuss the existence of a CCE in specific submodular games employed in the literature on environmental agreements. …
Persistent link: https://www.econbiz.de/10009294682
generally, our mechanism can also handle the symmetric case of positive local externalities (e.g., Olympic Games) and even more …
Persistent link: https://www.econbiz.de/10004961502
This paper considers cooperative game theoretic settings in which forming coalitions can act as Stackelberg leaders. We de�fine a value function which modi�fies the gamma-value function (Hart & Kurz, 1983, Chander & Tulkens, 1997) by letting members of deviating coalitions move �first in...
Persistent link: https://www.econbiz.de/10008565960