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Dominant strategy implementation in economic environments

Mizukami, Hideki (contributor); Wakayama, Takuma (contributor) - 2006

We study dominant strategy implementation especially in economic environments. We first showthat in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelationmechanism. We...

Persistent link: https://www.econbiz.de/10003371461

Dominant Strategy Implementation in Economic Environments

Mizukami, Hideki; Wakayama, Takuma - 2006

We study dominant strategy implementation especially in economic environments. We first show that in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelation mechanism....

Persistent link: https://www.econbiz.de/10014056700

Taxation under oligopoly in a general equilibrium setting

Collie, David R. - 2015

Taxation under oligopoly is analysed in a general equilibrium setting where the firms are large relative to the size of the economy and maximise the utility of their shareholders. It turns out that the model is an aggregative game, which simplifies the comparative statics for the effects of...

Persistent link: https://www.econbiz.de/10011471542

Coordinating Thoughts on Coordination Failures

Herings, P. Jean-Jacques - 2002

Coordination failures constitute an alternative explanation for underemployment that complements the Keynesian and neo-classical views. The paper proposes to distinguish three classes of models with coordination failures. The classes are formed by strategic models with or without a coordinating...

Persistent link: https://www.econbiz.de/10014113424

Games for Fiat Money’s Nominal Value on the Base of General Equilibrium

Xie, Zhiping - 2011

In an infinite-time decentralized sequence economy, agents use fiat money to bridge markets as if they make trades in a centralized economy, to avoid huge transaction cost that all agents' going together must incur. The model in this paper formulates the process how agents decide the fiat...

Persistent link: https://www.econbiz.de/10013129274

The non-equivalence of import tariffs and export taxes in trade wars : ad valorem vs specific trade taxes

Azacis, Helmuts; Collie, David R. - 2020

Using perfectly competitive, general equilibrium models of international trade, specific import tariffs, specific export taxes, and ad valorem trade taxes are compared in a trade war. A trade war is modelled as a NE in trade policies, where each country can choose to use ad valorem trade taxes...

Persistent link: https://www.econbiz.de/10012254654

Chapter 48 Stochastic games: Recent results

Vieille, Nicolas - In: Handbook of game theory with economic applications : …, (pp. 1833-1850). 2002

This chapter presents developments in the theory of stochastic games that have taken place in recent years. It … complements the contribution by Mertens. Major emphasis is put on stochastic games with finite state and action sets. In the zero … all discount factors close to zero. Extensions to non-zero-sum games are dealt with here. In particular, the proof of …

Persistent link: https://www.econbiz.de/10014024497

Chapter 47 Stochastic games

Mertens, Jean-François - In: Handbook of game theory with economic applications : …, (pp. 1809-1832). 2002

Stochastic games model repeated play with symmetric information. We analyze their value in the zero-sum case, and …

Persistent link: https://www.econbiz.de/10014024498

Perfection and stability of stationary points with applications to noncooperative games

Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 2002

Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …

Persistent link: https://www.econbiz.de/10011327822

An empirical model of non‐equilibrium behavior in games

Kline, Brendan - In: Quantitative economics : QE ; journal of the … 9 (2018) 1, pp. 141-181

actions in games, based on a structural econo- metric model of non-equilibrium behavior in games. The model is based pri …-player guessing games. The application illustrates the empirical relevance of the main features of the model. …

Persistent link: https://www.econbiz.de/10011884420