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In this paper we consider the location of the eigenvalues of the composite matrix ( -A S1 S2 ) ( Q1 At 0 ) ( Q2 0 At ) , where the matrices Si and Qi are assumed to be semi-positive definite. Two interesting observations, which are not or only partially mentioned in literature before, challenge...
Persistent link: https://www.econbiz.de/10011087121
In this paper we characterize the subgame perfect Nash equilibria of a location-then-price game where firms first choose locations and after that compete for prices in two subsequent periods. Locations are thus seen as long term commitments. There are two types of consumers, each with different...
Persistent link: https://www.econbiz.de/10011087127
papers are part of a program to reconstruct game theory in order to make how players reason about a game a central feature of … the theory. The program — now called epistemic game theory — extends the classical definition of a game model to include … implications of how players reason for how a game is played. Epistemic game theory includes traditional equilibrium-based theory as …
Persistent link: https://www.econbiz.de/10011010976
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
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
We consider a Cournot oligopoly model where multiple suppliers (oligopolists) compete by choosing quantities. We compare the social welfare achieved at a Cournot equilibrium to the maximum possible, for the case where the inverse market demand function is convex. We establish a lower bound on...
Persistent link: https://www.econbiz.de/10010931616
In this paper, we develop both static and dynamic supply chain network models with multiple manufacturers and freight service providers competing on price and quality. The manufacturers compete with one another in terms of price and quality of the product manufactured, whereas the freight...
Persistent link: https://www.econbiz.de/10011263964