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Persistent link: https://www.econbiz.de/10012306885
. For this purpose, we study an evolutionary game model with random matching, namely, a context in which a population of …-free technologies. -- Emissions Trading ; Technological Innovation ; Random Matching ; Evolutionary Game ; Penalty System ; Strategic …
Persistent link: https://www.econbiz.de/10009634267
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains … two important streams in the matching literature, those with and those without monetary transfers, as special cases and …
Persistent link: https://www.econbiz.de/10011279692
Persistent link: https://www.econbiz.de/10000992014
Despite a widespread interest in the warm glow model [Andreoni (1989,1990)], surprisingly most attention focused on the voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium. In this paper, we introduce the notion of...
Persistent link: https://www.econbiz.de/10003827909
We consider multi-stage games, where at each stage, players receive private signals about past and current states, past actions and past signals, and choose actions. We fully characterize the distributions over actions, states, and signals that obtain in any (sequential) communication...
Persistent link: https://www.econbiz.de/10011872424
In A Mathematical Formulation of the Ricardian System, Pasinetti (1960) lays out the foundations of what has been dubbed the canonical classical model. He proves the model to be logically consistent and determinate in all its macro-economic features, and derives the solutions for all key...
Persistent link: https://www.econbiz.de/10015066978
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
This paper develops a semiotic-inferential model of verbal communication for incomplete information games: a language is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic context. Formally, there is an encoding-decoding step where...
Persistent link: https://www.econbiz.de/10011290062
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010339744