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This paper aims to explore the peak-load price results arising in a congestion game setting. A continuum of players decide when consuming a service (say, during the day or the night): for instance, they choose when connecting to internet or when driving a car in the road network. The utility...
Persistent link: https://www.econbiz.de/10005432588
In nonatomic games, anonymity must be assumed in order to prove the existence of a Nash equilibrium in pure strategies. This can be formalized by making payoffs dependent either on the players' distribution on the action set or on the strategy mean. An extension of Rath's (1992) proof to the...
Persistent link: https://www.econbiz.de/10005198706
After a brief survey of the literature about the existence of a Nash Equilibrium in the class of the nonatomic games, we prove the existence of an equilibrium in the class of the nonatomic games where the players' payoff depends over the average strategy of finitely many convex and disjoint...
Persistent link: https://www.econbiz.de/10005198710
In this paper we argue that the incentive scheme faced by scientists induces them to promote their activity, publishing on-line their work-in-progress, participating or organising meetings and so on. Such actions produce a huge amount of externalities that may make easier for others to deal with...
Persistent link: https://www.econbiz.de/10005685688