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Training in firms has an effect on the productivity of employees who receive the training, and depending on the production technology, on the other employees as well. Meanwhile, changing the remuneration structure within a team can change the stability of a team. In this paper, we apply the...
Persistent link: https://www.econbiz.de/10014426257
In the game of rock-paper-scissors with three players, this paper identifies conditions for a correlated equilibrium that differs from the mixed strategy Nash equilibrium and is evolutionarily stable. For this to occur, the correlation device attaches more probability to three-way ties and...
Persistent link: https://www.econbiz.de/10014426258
In the Crawford-Sobel (uniform, quadratic utility) cheap-talk model, we consider a simple mediation scheme (a communication device) in which the informed agent reports one of the N possible elements of a partition to the mediator and then the mediator suggests one of the N actions to the...
Persistent link: https://www.econbiz.de/10014426261
We consider the design of a contest in which the prize may motivate not only productive efforts, but also some damaging aggressive behavior by contestants. The organizer must choose prizes and an enforcement regime defined as a limit on how much aggressiveness will be tolerated and the...
Persistent link: https://www.econbiz.de/10014426263
We investigate a differential evasion game with multiple pursuers and an evader for the infinite systems of differential equations in ℓ2. The control functions of the players are subject to geometric constraints. The pursuers' goal is to bring the state of at least one of the controlled...
Persistent link: https://www.econbiz.de/10014426323
Market power in water markets can be modeled as simultaneous quantity competition on a river structure and analyzed by applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic implies that the upstream supplier foregoes profitable...
Persistent link: https://www.econbiz.de/10014426327
We investigate the impact of observability of contracts between a plaintiff and his attorney on both the efficiency of the environmental conflict and the fairness of the resulting outcome from the environmental conflict. By including two specific game-theoretic models (an observable-contract...
Persistent link: https://www.econbiz.de/10014426341
We consider a game-theoretic model of undocumented immigration with the aim of emphasizing the strategic interaction between the different forces affecting the issue. Specifically, we analyze the strategic interaction between firms in the destination country, native labor, the elected officials...
Persistent link: https://www.econbiz.de/10014426507
We examine a bargaining game in which players cannot make arbitrary offers. Instead, players alternately decide whether to accept or delay, and are rewarded with an indivisible portion and a perishable transfer that depends on the round. Our analysis demonstrates that when the initial transfer...
Persistent link: https://www.econbiz.de/10014426519
This paper considers a two-player game where each player chooses a resource from a finite collection of options. Each resource brings a random reward. Both players have statistical information regarding the rewards of each resource. Additionally, there exists an information asymmetry where each...
Persistent link: https://www.econbiz.de/10014426536