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We consider a simplified model of finance market where two players carry on direct multistage bidding with risky assets (shares). One of the players (the insider) is informed on the liquidation price of a share, the other player knows its probability distribution only. It is shown that the...
Persistent link: https://www.econbiz.de/10009367486
The paper discusses convergence of evolutionary dynamics to mixed equiliria including different behavior strategies. Models of cooperative and altruistic behavior spreading are considered. The paper reveals special features of human behavior evolution in comparison with behavior in biological...
Persistent link: https://www.econbiz.de/10008597049
Game-theoretic model of election to a corporate board of directors is proposed. It is shown that the equilibrium distribution of seats is unique. The uniqueness guarantees nonmanipulability of elections. The distribution is obtained by the d’Hondt method of seats distribution in proportional...
Persistent link: https://www.econbiz.de/10009422044
The paper addresses the issue of linguistic diversity and its impact on economic policy and political decisions. Importance of the topic is illustrated by examination of optimal sets of official languages in the European Union. It is shown that alternative estimation methods of language...
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