Showing 1 - 10 of 19
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
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
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
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
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
>Nash equilibrium</em>. We show existence of Nash equilibria and a<em> price of stability</em> of 1 + <em>ο</em>(1) under moderate …
Persistent link: https://www.econbiz.de/10009277823
. The game is studied through numerical simulation, which provides the subgame perfect equilibrium solution not only in the … the unconstrained game, where the analytical subgame perfect equilibrium solution was already known. Then, the numerical …
Persistent link: https://www.econbiz.de/10015271373
Bayesian-Markov equilibrium in which a player's strategy maps a tuple of the previous type and action profiles and the player … to find an equilibrium. …
Persistent link: https://www.econbiz.de/10015271402
equilibria. The partial cooperative Cournot-Nash equilibrium is axiomatically characterized by using notions of rationality …
Persistent link: https://www.econbiz.de/10009751965