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Game complete analysis of symmetric Cournot duopoly

Carfì, David; Perrone, Emanuele - Volkswirtschaftliche Fakultät, … - 2012

In this paper we apply the Complete Analysis of Differentiable Games (introduced by D. Carfì in [3], [6], [8], [9], and already employed by himself and others in [4], [5], [7]) to the classic Cournot Duopoly (1838), classic oligopolistic market in which there are two enterprises producing the...

Persistent link: https://www.econbiz.de/10009397178

A Paradox of Environmental Awareness Campaigns

Koulovatianos, Christos - Volkswirtschaftliche Fakultät, … - 2010

We build a workable game of common-property resource extraction under rational Bayesian learning about the renewal prospects of a resource. We uncover the impact of exogenously shifting the prior beliefs of each player on the response functions of others. What we find about the role of...

Persistent link: https://www.econbiz.de/10008753059

On the (Non)-Lattice Structure of Equilibrium Sets in Games with Strategic Substitutes

Roy, Sunanda - 2020

This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...

Persistent link: https://www.econbiz.de/10012824357

Entrepreneurial growth expectations and information flows in networks.

Daskalopoulou, Irene; Petrou, Anastasia - Volkswirtschaftliche Fakultät, … - 2010

information flows from networks and the perceived risk of decisions associated with the future size of a firm. The main … from networks. To provide evidence in support of this hypothesis a sample selection model is estimated using a two … regarding growth might be the outcome of superior judgment stemming from privileged information derived from networks. Analysis …

Persistent link: https://www.econbiz.de/10008506116

Efficiency and Stability in a Process of Teams Formation

Boncinelli, Leonardo; Pin, Paolo - Volkswirtschaftliche Fakultät, … - 2014

We analyze a team formation process that generalizes matching models and network formation models, allowing for overlapping teams of heterogeneous size. We apply different notions of stability: myopic team-wise stability, which extends to our setup the concept of pair-wise stability, coalitional...

Persistent link: https://www.econbiz.de/10011112205

Prices in Networks

Tan, Hi-Lin - Volkswirtschaftliche Fakultät, … - 2006

When there is strategic complementarity of consumption between neighbors in a social network, we find that certain consumers may have a bigger impact than other consumers on the market demand and therefore the equilibrium price. The influence that a particular consumer has on the market demand...

Persistent link: https://www.econbiz.de/10011206882

Beliefs and (In)Stability in Normal-Form Games

Hyndman, Kyle; Terracol, Antoine; Vaksmann, Jonathan - Volkswirtschaftliche Fakultät, … - 2013

In this paper, we use experimental data to study players' stability in normal-form games where subjects have to report beliefs and to choose actions. Subjects saw each of 12 games four times in a regular or isomorphic form spread over two days without feedback. We document a high degree of...

Persistent link: https://www.econbiz.de/10011107567

Trading Participation Rights to the Red Hat Puzzle. Will Markets allocate the rights for performing decision tasks to the more abled players?

Choo, Lawrence C.Y - Volkswirtschaftliche Fakultät, … - 2014

This paper investigates the conventional wisdom that markets would naturally allocate the rights for performing decisional task to those players who might be best suited to perform the task. We embedded the decisional tasks in a stylised setting of a game, motivated by Littlewood(1953) Red Hat...

Persistent link: https://www.econbiz.de/10011108041

The Paradox of Misaligned Profiling: Theory and Experimental Evidence

Holt, Charles; Kydd, Andrew; Razzolini, Laura; … - Volkswirtschaftliche Fakultät, … - 2014

This paper implements an experimental test of a game-theoretic model of equilibrium profiling. Attackers choose a demographic “type” from which to recruit, and defenders choose which demographic types to search. Some types are more reliable than others in the sense of having a higher...

Persistent link: https://www.econbiz.de/10011108439

The silence that precedes hypocrisy: a formal model of the spiral of silence theory

Blanco, Iván - Volkswirtschaftliche Fakultät, … - 2005

This paper exposes a formal model of the spiral of silence theory. It is based on game theoy. The game consists on three players: players 1 and two have two strategies, to speak (s) or not (~s); the third player is Nature, which decides whether players 1 and 2 agree in their opinion or not. If...

Persistent link: https://www.econbiz.de/10011109433