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players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …
Persistent link: https://www.econbiz.de/10009752420
equilibrium strategies for each profile of preferences of the players. The survey is restricted to discrete models, that is, we … representations for three kinds of equilibrium: Nash equilibrium; acceptable equilibrium (Pareto optimal Nash equilibrium); and strong … Nash equilibrium. We conclude in Section 5 with a report on two recent works on representations of constitutions under …
Persistent link: https://www.econbiz.de/10011852712
Agency may be exercised by different entities (e.g., individuals, firms, households). A given individual can form part of multiple agents (e.g., he may belong to a firm and a household). The set of agents that act in a given situation might not be common knowledge. We adapt the standard model of...
Persistent link: https://www.econbiz.de/10012227759
Risk aversion in game theory is usually modeled using expected utility, which was criticized early on, leading to an extensive literature on generalized expected utility. In this paper we are the first to apply μ-σ theory to the analysis of (static) games. μ-σ theory is widely...
Persistent link: https://www.econbiz.de/10013200068
players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show …
Persistent link: https://www.econbiz.de/10010369340
equilibria. The partial cooperative Cournot-Nash equilibrium is axiomatically characterized by using notions of rationality …
Persistent link: https://www.econbiz.de/10009751965
equilibrium in which her group-mates make the same proposal as the members of the other group. Thus, in heterogeneous groups the …
Persistent link: https://www.econbiz.de/10011515611
Agency may be exercised by different entities (e.g., individuals, firms, households). A given individual can form part of multiple agents (e.g., he may belong to a firm and a household). The set of agents that act in a given situation might not be common knowledge. We adapt the standard model of...
Persistent link: https://www.econbiz.de/10012015531
I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...
Persistent link: https://www.econbiz.de/10012015733
for the supplier sides. Our equilibrium (eq.) analysis in the subscription game identifies an interior eq. (coexistence of …
Persistent link: https://www.econbiz.de/10011905086