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, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online … choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas …
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We consider a stochastic version of the Stackelberg-Nash-Cournot model proposed by Murphy et al. (1983). In the first stage, the leader chooses and announces his production level taking into account the reaction of the followers. The decision of the leader is taken when market demand is...
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’s participation in the Australian Digital Content Industry (DCI) sector of games production. It provides rich descriptive insights …
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to investigate whether bargaining behavior in ultimatum games differs across countries. We find differences in behavior …
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levels (Level-0 and Level-1) have a higher probability of transitioning to a higher level than Level-2 or Level-3. Thus, we … defined by higher levels. However, in some specifications the highest levels have a relatively large probability of switching …
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