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Dynamic pricing decisions and seller-buyer interactions under capacity constraints
Mak, Vincent; Rapoport, Amnon; Gisches, Eyran J. - In: Games 9 (2018) 1/10, pp. 1-23
Focusing on sellers’ pricing decisions and the ensuing seller-buyer interactions, we report an experiment on dynamic pricing with scarcity in the form of capacity constraints. Rational expectations equilibrium solutions are constructed and then tested experimentally with subjects assigned the...
Persistent link: https://www.econbiz.de/10011849205
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Self-enforcing price leadership
Gudino, Gustavo - In: Games 12 (2021) 3, pp. 1-18
A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership equilibrium, a firm leads price changes and its competitor always matches in the next period. The firms produce a homogeneous product and are identical except for the information...
Persistent link: https://www.econbiz.de/10012607377
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A differential game for optimal water price management
Caravaggio, Andrea; De Cesare, Luigi; Di Liddo, Andrea - In: Games 14 (2023) 2, pp. 1-15
This article studies a leader-follower differential game with a finite horizon, where a single buyer reacts to the selling price set by an agency (water supplier). The Open-Loop Stackelberg equilibrium is calculated, assuming that the user demand is fully satisfied (that is, the interior...
Persistent link: https://www.econbiz.de/10014422501
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Sustainability of intertwined supply networks : a game-theoretic approach
Gorbaneva, Olga; Ougolnitsky, Guennady - In: Games 13 (2022) 3, pp. 1-21
A formal game-theoretic model of an intertwined supply network, in full and simplified versions, is proposed. Conditions for the sustainable development of an active system are presented in general form and then specified to the class of intertwined supply networks. As an illustration, a concise...
Persistent link: https://www.econbiz.de/10013252730
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Construction of equilibria in strategic Stackelberg games in multi-period supply chain contracts
Gholami, Reza Azad; Sandal, Leif K.; Ubøe, Jan - In: Games 13 (2022) 6, pp. 1-26
Almost every supplier faces uncertain and time-varying demand. E-commerce and online shopping have given suppliers unprecedented access to data on customers' behavior, which sheds light on demand uncertainty. The main purpose of this research project is to provide an analytic tool for...
Persistent link: https://www.econbiz.de/10014418087
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Sharing loading costs for multi compartment vehicles
Hartman, Bruce C. - In: Games 9 (2018) 2/25, pp. 1-21
Supply chains for goods that must be kept cool-cold chains-are of increasing importance in world trade. The goods must be kept within well-defined temperature limits to preserve their quality. One technique for reducing logistics costs is to load cold items into multiple compartment vehicles...
Persistent link: https://www.econbiz.de/10011849519
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A choice prediction competition for market entry games : an introduction
Erev, Ido; Ert, Eyal; Roth, Alvin E. - In: Games 1 (2010) 2, pp. 117-136
A choice prediction competition is organized that focuses on decisions from experience in market entry games (http …://sites.google.com/site/gpredcomp/ and http://www.mdpi.com/si/games/predict-behavior/). The competition is based on two experiments: An estimation experiment …, and a competition experiment. The two experiments use the same methods and subject pool, and examine games randomly …
Persistent link: https://www.econbiz.de/10009751378
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A note on cooperative strategies in gladiators’ games
Ballet, Jérôme; Bazin, Damien; Vranceanu, Radu P. - In: Games 4 (2013) 2, pp. 200-207
case provides an analogy of the conditions under which cooperation occurs in a context of competition between rival …
Persistent link: https://www.econbiz.de/10009754745
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Payoff shares in two-player contests
Häfner, Samuel; Nöldeke, Georg - In: Games 7 (2016) 3, pp. 1-7
In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players’ shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...
Persistent link: https://www.econbiz.de/10011550537
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Do output-dependent prizes alleviate the sabotage problem in tournaments?
Glökler, Thomas; Pull, Kerstin; Stadler, Manfred - In: Games 13 (2022) 5, pp. 1-20
We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we compare fixed-prize tournaments with tournaments...
Persistent link: https://www.econbiz.de/10014418051