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Imitation of Cooperation in Prisoner's Dilemma Games with Some Local Interaction
Janssen, Maarten C.W. - 2000
In this paper I study conditions for the emergence of cooperativebehavior in a dynamic model of population interaction.The model has finitely many individuals located on a circle. The pay-off of each individual is partly based on the (local)interaction with neighbors and partly on (uniform)...
Persistent link: https://www.econbiz.de/10010324536
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In and Out of Equilibrium: Evolution of Strategies in Repeated Games with Discounting
van Veelen, Matthijs; Garcia, Julian - 2010
Repeated games tend to have large sets of equilibria. We also know that in the repeated prisoners dilemma there is a profusion of neutrally stable strategies, but no strategy that is evolutionarily stable. This paper shows that for all of these neutrally stable strategies there is a stepping...
Persistent link: https://www.econbiz.de/10010326023
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In and out of Equilibrium II: Evolution in Repeated Games with Discounting and Complexity Costs
van Veelen, Matthijs; Garcia, Julian - 2012
We explore evolutionary dynamics for repeated games with small, but positive complexity costs. To understand the dynamics, we extend a folk theorem result by Cooper (1996) to continuation probabilities, or discount rates, smaller than 1. While this result delineates which payoffs can be...
Persistent link: https://www.econbiz.de/10010326522
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Repeated prisoner's dilemmas with errors: How much subgameperfection, how much forgiveness, and how much cooperation?
Graser, Christopher; van Veelen, Matthijs - 2024
We consider the repeated prisoner's dilemma with implementation errors, and look at the resulting population dynamics, both analytically and with simulations. We show that with implementation errors, pure equilibrium strategies represented by finite state automata exhibit a structure that we...
Persistent link: https://www.econbiz.de/10014547775
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Fostering Cooperation through the Enhancement of Own Vulnerability
Kopanyi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - 2012
cooperate when either one of these mechanisms is allowed. In agreement with theory, subjects aiming for cooperation choose …
Persistent link: https://www.econbiz.de/10010326258
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Health Expenditure Growth: Looking beyond the Average through Decomposition of the Full Distribution
de Meijer, Claudine; Koopmanschap, Marc; O'Donnell, Owen; … - 2012
largest contribution of all determinants to increased spending not only on hospital care but also on pharmaceuticals …
Persistent link: https://www.econbiz.de/10010326191
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Free Medicines thanks to Retirement: Moral Hazard and Hospitalization Offsets in an NHS
Puig-Junoy, Jaume; Garcia-Gomez, Pilar; Casado-Marin, David - 2011
This paper examines the impact of coinsurance exemption for prescription medicines applied to elderly individuals in Spain after retirement. To evaluate this coinsurance change we use a rich administrative dataset that links pharmaceutical consumption and hospital discharge records for the full...
Persistent link: https://www.econbiz.de/10010326193
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Bargaining power and quantity discounts to retailers: Evidence from India's pharmaceutical industry
Antonecchia, Gianluca; Bhaskarabhatla, Ajay; Pennings, … - 2024
This paper develops a novel theory linking quantity discounts to bargaining power in scenarios where retailers …, organized as a trade association, negotiate uniform wholesale prices with suppliers. Our theory predicts that suppliers offer … observed. Our findings provide empirical support for the proposed theory. …
Persistent link: https://www.econbiz.de/10015045976
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Fractional cointegration analysis of securitized real estate
Serrano, Camilo; Hoesli, Martin - 2009
This paper uses fractional cointegration analysis to examine whether long-run relations exist between securitized real estate returns and three sets of variables frequently used in the literature as the factors driving securitized real estate returns. That is, we examine whether such...
Persistent link: https://www.econbiz.de/10003970286
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Corporate investment and financing under asymmetric information
Morellec, Erwan; Schürhoff, Norman - 2010 - This version March 2010
We develop a dynamic model of corporate investment and financing decisions in which corporate insiders have superior information about the firm's growth prospects. We show that firms with positive private information can credibly signal their type to outside investors using the timing of...
Persistent link: https://www.econbiz.de/10003970296