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Participation Games: Market Entry, Coordination and the Beautiful Blonde

Anderson, Simon P; Engers, Maxim - C.E.P.R. Discussion Papers - 2005

. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The …

Persistent link: https://www.econbiz.de/10005662078

Tacit Coordination in a Decentralized Market Entry Game with Fixed Capacity

Zwick, Rami; Rapoport, Amnon - In: Experimental Economics 5 (2002) 3, pp. 253-272

We focus on a class of market entry games in which a newly emergent market opportunity may be fruitfully exploited by no more than a commonly known, exogenously determined number of firms. Our results show significant effects of the parameters manipulated in the study, namely, the market...

Persistent link: https://www.econbiz.de/10005711626

The meritocracy as a mechanism to overcome social dilemmas

Gunnthorsdottir, Anna; Vragov, Roumen; Mccabe, Kevin - Volkswirtschaftliche Fakultät, … - 2007

A new mechanism that substantially mitigates social dilemmas is examined theoretically and experimentally. It resembles the voluntary contribution mechanism (VCM) except that in each decision round subjects are ranked and then grouped according to their public contribution. The game has multiple...

Persistent link: https://www.econbiz.de/10005621227

Incorporating Behaviroal Assumptions Into Game Theory

Rabin, Matthew - Institute of Business and Economic Research (IBER), … - 1992

Persistent link: https://www.econbiz.de/10010677826

The Allocation of Inventory Risk in a Supply Chain: Push, Pull, and Advance-Purchase Discount Contracts

Cachon, Gérard P. - In: Management Science 50 (2004) 2, pp. 222-238

administer, then the coordination of the supply chain and the arbitrary allocation of its profit is possible. Several limitations …

Persistent link: https://www.econbiz.de/10009191918

Game-theory-based generation maintenance scheduling in electricity markets

Min, C.G.; Kim, M.K.; Park, J.K.; Yoon, Y.T. - In: Energy 55 (2013) C, pp. 310-318

main contribution of this study is the modeling of a coordination procedure for an (independent system operator) ISO, based …-cooperative dynamic game, and the Gencos' optimal strategy profile is determined by the Nash equilibrium of the game. The coordination …

Persistent link: https://www.econbiz.de/10011055233

The Optimality of Choice by Markov Random Walk

Zutler, I. - In: Journal of the New Economic Association 20 (2013) 4, pp. 33-50

In the rational choice problem Zutler (2011) proposed a model of choice by continuous Markov random walk on a set of alternatives to find the best. In this paper we investigate the optimal properties of obtained solutions. It is shown that the result of this choice is the maximal element on a...

Persistent link: https://www.econbiz.de/10010752661

Limit pricing and entry under incomplete information : an equilibrium analysis

Milgrom, Paul; Roberts, John - In: Econometrica : journal of the Econometric Society, an … 50 (1982) 2, pp. 443-459

Persistent link: https://www.econbiz.de/10002493304

THE NEW BASEL ACCORD AND THE NATURE OF RISK: A GAME THEORETIC PERSPECTIVE

BIETA, VOLKER; BROLL, UDO; MILDE, HELLMUTH; SIEBE, WILFRIED - In: Annals of Financial Economics (AFE) 04 (2008) 01, pp. 0850003-1

theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the Basel … Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance with … Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its focus …

Persistent link: https://www.econbiz.de/10011011022

On a game in manufacturing

Baston, V. J.; Garnaev, A. Y. - In: Mathematical Methods of Operations Research 52 (2000) 2, pp. 237-249

We analyse a non-zero sum two-person game introduced by Teraoka and Yamada to model the strategic aspects of production development in manufacturing. In particular we investigate how sensitive their solution concept (Nash equilibrium) is to small variations in their assumptions. It is proved...

Persistent link: https://www.econbiz.de/10010950376