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Tacit collusion under fairness and reciprocity
İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65
This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...
Persistent link: https://www.econbiz.de/10009753710
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Collusive stability with relative performance and network externalities
Lu, Yi-Shan; Tsai, Chien-Shu; Lee, Jen Yao; Lee, Chung-Yang - In: Games 15 (2024) 23, pp. 1-7
In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with relative performance in the firm's objective functions. We demonstrate that collusive stability is increasing (decreasing) in the degree of relative performance, product...
Persistent link: https://www.econbiz.de/10014636244
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Cournot's oligopoly equilibrium under different expectations and differentiated production
Grisáková, Nora; Štetka, Peter - In: Games 13 (2022) 6, pp. 1-17
The subject of this study is an oligopolistic market in which three firms operate in an environment of quantitative competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical model closer to real market conditions. The main...
Persistent link: https://www.econbiz.de/10014418202
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Security from the adversary's inertia-controlling convergence speed when playing mixed strategy equilibria
Wachter, Jasmin; Rass, Stefan; König, Sandra - In: Games 9 (2018) 3/59, pp. 1-15
Game-theoretic models are a convenient tool to systematically analyze competitive situations. This makes them particularly handy in the field of security where a company or a critical infrastructure wants to defend against an attacker. When the optimal solution of the security game involves...
Persistent link: https://www.econbiz.de/10011891029
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Economic harmony : a rational theory of fairness and cooperation in strategic interactions
Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21
-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
Persistent link: https://www.econbiz.de/10013252726
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Leveraging possibilistic beliefs in unrestricted combinatorial auctions
Chen, Jing; Micali, Silvio - In: Games 7 (2016) 4, pp. 1-19
In unrestricted combinatorial auctions, we put forward a mechanism that guarantees a meaningful revenue benchmark based on the possibilistic beliefs that the players have about each other’s valuations. In essence, the mechanism guarantees, within a factor of two, the maximum revenue that the...
Persistent link: https://www.econbiz.de/10011550604
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Representations of political power structures by strategically stable game forms : a survey
Peleg, Bezalel; Holzman, Ron - In: Games 8 (2017) 4, pp. 1-17
We survey the results on representations of committees and constitutions by game forms that possess some kind of equilibrium strategies for each profile of preferences of the players. The survey is restricted to discrete models, that is, we deal with finitely many players and alternatives. No...
Persistent link: https://www.econbiz.de/10011771308
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Vertical relationships with hidden interactions
Kim, Jaesoo; Shin, Dongsoo - In: Games 14 (2023) 6, pp. 1-21
structures: competition and cooperation. Without hidden interactions, the competitive structure is optimal because the …
Persistent link: https://www.econbiz.de/10014443301
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Alleviation and sanctions in social dilemma games
Drouvelis, Michalis - In: Games 6 (2015) 3, pp. 368-380
This paper reports an experiment which compares behaviour in two punishment regimes: (i) a standard public goods game with punishment in which subjects are given the opportunity to punish other group members (democratic punishment regime) and (ii) a public goods game environment where all group...
Persistent link: https://www.econbiz.de/10011380878
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Competitive centipede games : zero-end payoffs and payoff inequality deter reciprocal cooperation
Krockow, Eva M.; Pulford, Briony D.; Colman, Andrew M. - In: Games 6 (2015) 3, pp. 262-272
Reciprocal cooperation can be studied in the Centipede game, in which two players alternate in choosing between a … investigated cooperation in four Centipede games differing in their payoffs at the game's end (positive versus zero) and payoff … high payoff inequality were found to reduce cooperation significantly. Contrary to previous predictions, combining these …
Persistent link: https://www.econbiz.de/10011316544