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Resource Extraction under Heterogeneous Growth in Demand

Masoudi, Nahid; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2014

We study the effect of heterogeneous growth in demand on resource extraction. Using the Great Fish War framework of Levhari and Mirman (1980), we show that heterogeneity in demand growth has a profound effect on both cooperative and non-cooperative solutions.

Persistent link: https://www.econbiz.de/10010886742

The Ghost in the Machine: Inferring Machine-Based Strategies from Observed Behavior

ENGLE-WARNICK, Jim; McCAUSLAND, William J.; MILLER, John H. - Centre Interuniversitaire de Recherche en Économie … - 2004

We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The technique suggests that two types of strategies underly the data.

Persistent link: https://www.econbiz.de/10008671549

Learning and Technology Progress in Dynamic Games

Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2012

We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in … assumption of adaptive learning) is generally intractable, we characterize the unique symmetric Bayesian-learning recursive … limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …

Persistent link: https://www.econbiz.de/10010661508

A Simple Bargaining Procedure for the Myerson Value

Navarro, Noemí; Perea, Andrés - Département d'économique, Faculté d'administration - 2010

We consider situations where the cooperation and negotiation possibilities between pairs of agents are given by an undirected graph. Every connected component of agents has a value, which is the total surplus the agents can generate by working together. We present a simple, sequential, bilateral...

Persistent link: https://www.econbiz.de/10008799777

Cooperative VS. Non-cooperative Truels: Little Agreement, but Does that Matter?

Bossert, W.; Brams, S.J.; Kilgour, D.M. - Centre Interuniversitaire de Recherche en Économie … - 2000

In this paper we will describe a class of three-person games and draw general conclusions about non-cooperative behavior in them.

Persistent link: https://www.econbiz.de/10005545586

Cooperative VS. Non-cooperative Truels: Little Agreement, but Does that Matter?

BOSSERT, Walter; BRAMS, Steven J.; KILGOUR, D. Marc - Département de Sciences Économiques, Université de … - 2000

It is well-known that non-cooperative and cooperative game theory may yield different solutions to games. These differences are particularly dramatic in the case of truels, or three-person duels, in which the players may fire sequentially or simultaneously, and the games may be one-round or...

Persistent link: https://www.econbiz.de/10005545731

Strategic Interactions in a One-Sector Growth Model

Fesselmeyer, Eric; Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2013

We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and...

Persistent link: https://www.econbiz.de/10011202209

Strategic Interactions in a One-Sector Growth Model

Fesselmeyer, Eric; Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2013

Persistent link: https://www.econbiz.de/10011202912

Local Interactions

ÖZGÜR, Onur - Centre Interuniversitaire de Recherche en Économie … - 2010

Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...

Persistent link: https://www.econbiz.de/10008671564

Local Interactions

ÖZGÜR, Onur - Département de Sciences Économiques, Université de … - 2010

Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are ‘close’ to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply...

Persistent link: https://www.econbiz.de/10008679137

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