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This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing...
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good is produced with the lowest possible costs. If, in addition, all buyers are retailers (i.e., they resell the goods … sold with the lowest possible selling costs. We specify sufficient conditions under which collusion increases consumer …
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theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its …
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Literature Review on Supply Chain Contracts -- Relational Contracts -- Relational Contracts and Optimal Quantity Flexibility -- Relational Contracts and Optimal Buy-Back Price -- QF vs. Buy-Back Contract in Buyer-Supplier Relationships -- Case Study: Supplier Relationship Management at...
Persistent link: https://www.econbiz.de/10013521303
This textbook presents the basics of game theory both on an undergraduate level and on a more advanced mathematical … theory, including cooperative game theory. Part I presents introductions to all these topics on a basic yet formally precise … level. It includes chapters on repeated games, social choice theory, and selected topics such as bargaining theory, exchange …
Persistent link: https://www.econbiz.de/10012402169
This book presents the basics of game theory both on an undergraduate level and on a more advanced mathematical level …. It covers most topics of interest in game theory, including cooperative game theory. Part I presents introductions to all … these topics on a basic yet formally precise level. It includes chapters on repeated games, social choice theory, and …
Persistent link: https://www.econbiz.de/10013521003
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power...
Persistent link: https://www.econbiz.de/10013521093
Political and economic institutions are typically governed by committees that face the challenge to reconcile the preferences of their members. How should decision rules be designed to generate fair and sustainable agreements, for example if committee members represent groups of different sizes?...
Persistent link: https://www.econbiz.de/10013521312