Showing 1 - 5 of 5
We present a quantum solution to coordination problems that can be implemented with present technologies. It provides an alternative to existing approaches, which rely on explicit communication, prior commitment or trusted third parties. This quantum mechanism applies to a variety of scenarios...
Persistent link: https://www.econbiz.de/10005062323
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that this process converges...
Persistent link: https://www.econbiz.de/10005062333
We present the Progressive Second Price auction, a new decentralized mechanism for allocation of variable-size shares of a resource among multiple users. Unlike most mechanisms in the economics litterature, PSP is designed with a very small message space, making it suitable for real-time market...
Persistent link: https://www.econbiz.de/10005407539
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.
Persistent link: https://www.econbiz.de/10005118567
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the table of contents.
Persistent link: https://www.econbiz.de/10005118599