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Myopic oligopoly pricing
Bos, Iwan; Marini, Marco; Saulle, Riccardo D. - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the …
Persistent link: https://www.econbiz.de/10012814516
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Learning frames
Daskalova, Vessela; Vriend, Nicolaas J. - 2021
Players may categorize the strategies available to them. In many games there are different ways to categorize one's strategies (different frames) and which ones players use has implications for the outcomes realized. This paper proposes a model of agents who learn which frames to use through...
Persistent link: https://www.econbiz.de/10012608716
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Learning to play approximate Nash equilibria in games with many players
Cartwright, Edward - 2004
equilibrium. Players are assumed to make strategy choices using a combination of imitation and innovation. We begin by looking at … an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium; convergence is … conditional on the network of social interaction. We then illustrate, through example, how imitation and innovation can complement …
Persistent link: https://www.econbiz.de/10011603099
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Stochastic stability in the best shot game
Boncinelli, Leonardo; Pin, Paolo - 2010
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that, depending on how we define perturbations, i.e. the...
Persistent link: https://www.econbiz.de/10008747116
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The rise and fall of the Great Fish Pact under endogenous risk of stock collapse
Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
Persistent link: https://www.econbiz.de/10011287058
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On the stochasticity of ultimatum games
Qi, Tianxiao; Xu, Bin; Wu, Jinshan; Vriend, Nicolaas J. - 2021
Brenner and Vriend (2006) argued (experimentally and theoretically) that one should not expect proposers in ultimatum games to learn to converge to the subgame perfect Nash equilibrium offer, as finding the optimal offer is a hard learning problem for (boundedly-rational) proposers. In this...
Persistent link: https://www.econbiz.de/10012501306
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Cooperation through imitation and exclusion in networks
Mengel, Friederike; Fosco, Constanza - 2009
games. Agents are boundedly rational and choose both actions and interaction partners via payoff-based imitation. The … dynamics of imitation and exclusion yields polymorphic outcomes under a wide range of parameters. Depending on the parameters … decreases with the radius of information of agents. -- Game Theory ; Cooperation ; Imitation Learning ; Network Formation …
Persistent link: https://www.econbiz.de/10008811010
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Information sharing networks in linear quadratic games
Currarini, Sergio; Feri, Francesco - 2013
for three specific linear quadratic games - Cournot oligopoly, Keynes' beauty contest and Public good provision - in which …
Persistent link: https://www.econbiz.de/10009756291
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Mergers under asymmetric information - is there a lemons problem?
Borek, Thomas (contributor); Bühler, Stefan (contributor);  … - 2004 - [Elektronische Ressource]
. -- merger ; asymmetric information ; oligopoly ; single crossing …
Persistent link: https://www.econbiz.de/10002202342
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Collusive agreements in vertically differentiated markets
Marini, Marco A. - 2017
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011660599