Showing 1 - 4 of 4
This paper considers a large population, game theoretic job-search problem, in which the ratio of job searchers to jobs is α. There are n distinct types of jobs, each with an associated value. Each searcher can only accept one job and cannot recall a job previously rejected. Once a searcher...
Persistent link: https://www.econbiz.de/10008493088
The relationship between coalition-proof (Nash) equilibria in a normal-form game and those in its subgame is examined. A subgame of a normal-form game is a game in which the strategy sets of all players in the subgame are subsets of those in the normal-form game. In this paper, focusing on a...
Persistent link: https://www.econbiz.de/10008853040
The main purpose is to prove the supermodularity (convexity) property of a cooperative game arising from an economical … their individual capacities of production and production technologies. The (rather effective) proof of the supermodularity …
Persistent link: https://www.econbiz.de/10009018940
A population of buyers and a population of sellers meet repeatedly in order to exchange a good. The price is fixed through a variant of the Nash demand game. This paper analyzes the prices that are robust to experimentation in the sense of stochastic stability. Under some conditions only one...
Persistent link: https://www.econbiz.de/10004964046