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, resulting in incentive contracts, fail to ensure implementability, and we examine centralized collusion-proof contracts and …
Persistent link: https://www.econbiz.de/10011030492
actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards … concerns among firms can have adverse welfare consequences for consumers. …
Persistent link: https://www.econbiz.de/10011030515
actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards … concerns among firms can have adverse welfare consequences for consumers. …
Persistent link: https://www.econbiz.de/10009753710
and cost asymmetry. A dynamic collusion game is constructed, and backward induction is employed to solve the subgame … downstream collusion when the cost asymmetry is large and network externalities are relatively weak. …
Persistent link: https://www.econbiz.de/10014422321
This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form....
Persistent link: https://www.econbiz.de/10011265463
The editors of <i>Games</i> would like to express their sincere gratitude to the following reviewers for assessing manuscripts in 2014:[...]
Persistent link: https://www.econbiz.de/10011114940
We study the structure of the rest points of signaling games and their dynamic behavior under selection-mutation dynamics by taking the case of three signals as our canonical example. Many rest points of the replicator dynamics of signaling games are not isolated and, therefore, not robust under...
Persistent link: https://www.econbiz.de/10011118290
Agents involved in a conflicting claims problem may be concerned with the proportion of their claims that is satisfied, or with the total amount they get. In order to relate both perspectives, we associate to each conflicting claims problem a bargaining-in-proportions set. Then, we obtain a...
Persistent link: https://www.econbiz.de/10011194439
The paper presents an evolutionary model, based on the assumption that agents may revise their current strategies if they previously failed to attain the maximum level of potential payoffs. We offer three versions of this reflexive mechanism, each one of which describes a distinct type:...
Persistent link: https://www.econbiz.de/10010736494
Newman’s (1959, Operations Research, 7, 557–560) solution for a variant of poker with continuous hand spaces and an unlimited bet size is modified to incorporate sequential rationality.
Persistent link: https://www.econbiz.de/10010759929