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The Uses of Teaching Games in Game Theory Classes and Some Experimental Games
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2001
The results are presented from several experiments. They include the selection of points in the core, interpersonal …
Persistent link: https://www.econbiz.de/10005762670
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The Theory of Money and Financial Institutions: A Summary of a Game Theoretic Approach
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2006
A game theoretic approach to the theory of money and financial institution is given utilizing both the strategic and coalitional forms for describing the economy. The economy is first modeled as a strategic market game, then the strategic form is used to calculate several cooperative forms that...
Persistent link: https://www.econbiz.de/10005762688
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Competing for Customers in a Social Network
Dubey, Pradeep; Garg, Rahul; Meyer, Bernard De - Cowles Foundation for Research in Economics, Yale University - 2006
There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes of the product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...
Persistent link: https://www.econbiz.de/10005593259
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Marshallian Money, Welfare, and Side-Payments
Qin, Chen-Zhong; Shapley, Lloyd S.; Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2009
parameters specifying the interpersonal comparisons in the side-payment game. We study this game for the properties of the delta-core …
Persistent link: https://www.econbiz.de/10008479208
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The Edgeworth, Cournot and Walrasian Cores of an Economy
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2003
Three variations of the core of a market game representing an exchange economy are considered and compared. The … possibility for utilizing the Walrasian core to reflect certain monetary phenomena is noted. …
Persistent link: https://www.econbiz.de/10005464037
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A Computational Analysis of the Core of a Trading Economy with Three Competitive Equilibria and a Finite Number of Traders
Shubik, Martin; Kumar, Alok - Cowles Foundation for Research in Economics, Yale University - 2001
In this paper we examine the structure of the core of a trading economy with three competitive equilibria as the number … of traders (N) is varied. We also examine the sensitivity of the multiplicity of equilibria and of the core to variations … in individual initial endowments. Computational results show that the core first splits into two pieces at N = 5 and then …
Persistent link: https://www.econbiz.de/10005593218
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Matching with Incomplete Information
Liu, Quingmin; Mailath, George J.; Postlewaite, Andrew; … - Cowles Foundation for Research in Economics, Yale University - 2012
assumes that the agents have complete information, and examines core outcomes. We formulate a notion of stable outcomes in …
Persistent link: https://www.econbiz.de/10010686932
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Vertical Integration: Networks, and Markets
Kranton, Rachel E.; Minehart, Deborah F. - Cowles Foundation for Research in Economics, Yale University - 1999
three alternative supply structures: vertical integration, networks, and markets. The analysis considers the relationship …
Persistent link: https://www.econbiz.de/10005463854
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Competition for Goods in Buyer-Seller Networks
Kranton, Rachel E.; Minehart, Deborah F. - Cowles Foundation for Research in Economics, Yale University - 1999
three alternative supply structures: vertical integration, networks, and markets. The analysis considers the relationship …
Persistent link: https://www.econbiz.de/10005593522
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Meritocracy Voting: Measuring the Unmeasurable
Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2011
Learned societies commonly carry out selection processes to add new fellows to an existing fellowship. Criteria vary across societies but are typically based on subjective judgments concerning the merit of individuals who are nominated for fellowships. These subjective assessments may be made by...
Persistent link: https://www.econbiz.de/10009358885