Showing 1 - 10 of 447
This study aims to offer a formal analysis which relates provision of cultural goods to the society's level of cultural capital. Such a level is assumed to already exist in society and is increasable thanks to individual support for the offer of cultural goods. The achievement of the highest...
Persistent link: https://www.econbiz.de/10012493305
Pursuit-evasion games are used to define guidance strategies for multi-agent planning problems. Although optimal … game space of a pursuit-evasion game under a stochastic perspective. The Mahalanobis distance is used as a metric to … determine the levels of confidence in the estimation of the Zero Effort Miss across the capture zone. This information can be …
Persistent link: https://www.econbiz.de/10012432389
Production emissions in the industrial sector are a major source of environmental pollution. In this paper, we explore how emission considerations are integrated with production decisions. We develop a dynamic model consisting of two firms located in the same industrial park, which satisfies...
Persistent link: https://www.econbiz.de/10012432598
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
language enabling us to capture the process leading to what is “given” seems superior to the stenography of decision making in …
Persistent link: https://www.econbiz.de/10009751382
We propose some variants of a multi-modal of joint action, preference and knowledge that support reasoning about epistemic games in strategic form. The first part of the paper deals with games with complete information. We first provide syntactic proofs of some well-known theorems in the area of...
Persistent link: https://www.econbiz.de/10009752449
We numerically solve the classical "Game of Pure Strategy" using linear programming. We notice an intricate even-odd behaviour in the results of our computations that seems to encourage odd or maximal bids.
Persistent link: https://www.econbiz.de/10009754113
Costly signaling is a mechanism through which the honesty of signals can be secured in equilibrium, even in interactions where communicators have conflicting interests. This paper explores the dynamics of one such signaling game: Spence’s model of education. It is found that separating...
Persistent link: https://www.econbiz.de/10009754763
Prompted by a real-life observation in the UK retail market, a two-player Prisoners’ Dilemma model of an alliance between two firms is adapted to include the response of a rival firm, resulting in a version of a three-player Prisoners’ Dilemma. We use this to analyse the impact on the...
Persistent link: https://www.econbiz.de/10010240818
Thomas Schelling was recognized by the Nobel Prize committee as a pioneer in the application of game theory and rational choice analysis to problems of politics and international relations. However, although he makes frequent references in his writings to this approach, his main explorations and...
Persistent link: https://www.econbiz.de/10010338164