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Consider G = (X1,…,XM,g1,…,gM) an M-player game in strategic form, where the set Xi is an interval of real numbers and the payoff functions gi are differentiable with respect to the related variable xi ∈ Xi. If they are also concave, with respect to the related variable, then it is...
Persistent link: https://www.econbiz.de/10005081029
A technique is proposed to represent games in characteristic function form as games in normal form, enabling the former to exploit the concepts of solution of the latter. A new solution for games in characteristic function form is then introduced and some properties are found. A generalization...
Persistent link: https://www.econbiz.de/10005047575
We develop an interactive model involving competitive tax evasion to determine optimal transfer prices by multinational firms. We establish that the proposed game is characterized by multiple equilibria. Implications of these multiple equilibria are examined.
Persistent link: https://www.econbiz.de/10005050943