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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

-period) supply, pricing, and timing strategies while catering to stochastic demand in a diverse set of market scenarios. Despite its … consider the after-effects of current pricing on future demand. To remedy this typical shortcoming, using general memory … functions, we include the strategic customers' cognitive bias toward pricing history in the supply channel equilibrium problem …

Persistent link: https://www.econbiz.de/10014418087

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

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

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

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 … they are also often biased towards equilibrium pricing even when that would not be ex-post optimal. …

Persistent link: https://www.econbiz.de/10011849205

Does informational equivalence preserve strategic behavior? : experimental results on Trockel’s model of Selten’s chain store story

Duman, Papatya - In: Games 11 (2020) 1/9, pp. 1-24

The purpose of this study is to experimentally test Trockel's game, which is a modelling of the classical Chain Store Game (CSG), and determine whether one of the two theories of Equality and Deterrence may better account for the observed behavior. The CSG is an example of a simple game in...

Persistent link: https://www.econbiz.de/10012168597

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

Dynamic durable goods monopoly and market power

Altan, Basak - In: Games 11 (2020) 2/22, pp. 1-14

We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of...

Persistent link: https://www.econbiz.de/10012431895

(Un)bounded rationality in decision making and game theory : back to square one?

Güth, Werner; Kliemt, Hartmut - In: Games 1 (2010) 1, pp. 53-65

Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading...

Persistent link: https://www.econbiz.de/10009751382

A modal logic of epistemic games

Lorini, Emiliano; Schwarzentruber, François - In: Games 1 (2010) 4, pp. 478-526

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

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