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Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
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In this paper which will appear as a chapter in the Handbook ofGeneralized Convexity we discuss the basic ideas ofconvex and quasiconvex analysis in finite dimensional Euclideanspaces. To illustrate the usefulness of this branchof mathematics also applications to optimization theory...
Persistent link: https://www.econbiz.de/10010324795
In this paper we review known minimax results with applications in game theory and showthat these results are easy consequences of the first minimax result for a two person zero sumgame with finite strategy sets published by von Neumann in 1928. Among these results are thewell known minimax...
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In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10010325066
A cephoid is an algebraic ('Minkowski') sum of finitely many prisms in R^n. A cephoidal game is an NTU game the feasible sets of which are cephoids. We provide a version of the Shapley NTU value for such games based on the bargaining solution of Maschler-Perles.
Persistent link: https://www.econbiz.de/10010272611
We characterize convex vNM-Stable Sets according to von Neumann and Morgenstern for orthogonal linear production games with a continuum of players. The results of Rosenmüller & Shitovitz [International journal of game theory 29 (2000), pp. 39-61] are thereby substantially improved....
Persistent link: https://www.econbiz.de/10010272614
We consider (cooperative) linear production games with a continuum of players. The coalitional function is generated by r + 1 production factors that is, non atomic measures defined on an interval. r of these are orthogonal probabilities which, economically, can be considered as cornered...
Persistent link: https://www.econbiz.de/10010319997