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The strategic advantage of negatively interdependent preferences in action-monotonic games
Hehenkamp, Burkhard - 2005
characterizing conditions both for general action monotonic games and for the subclass of action monotonic games with spillovers … analyzing the strategic advantage. -- strategic advantage ; interdependent preferences ; spillovers ; action monotonicity …
Persistent link: https://www.econbiz.de/10003891788
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Opinion Polarization in a Parliamentary Institution Generates Extreme Legislation
Gottesman, Avinat - 2021
How does opinion polarization over matters of moral conviction affect the legislative outcome of parliamentary institutions? Analysis reveals that in the relatively common case, in which a party's voting power is positively correlated with the public support of the convictions it represents, if...
Persistent link: https://www.econbiz.de/10013251897
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Cartel Stability Under an Optimal Sharing Rule
Weikard, Hans-Peter - 2005
players and spillovers to non-members. I introduce a sharing rule for coalition payoffs, called optimal sharing which … cartel if spillovers are negative. I introduce a new property, called non-essentiality and determine the set of stable … cartels under optimal sharing if spillovers are positive and if the non-essentiality property applies. Finally I analyse …
Persistent link: https://www.econbiz.de/10014064613
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Network formation with heterogeneous players
Galeotti, Andrea; Goyal, Sanjeev - 2002
This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are robust features of equilibrium networks. We find that in a...
Persistent link: https://www.econbiz.de/10011326943
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N-poly viability and conglopolistic competition in small emerging market
Fabella, Raul V. - 2015
The economic catch-up of the East Asian region went hand-in-hand with the emergence and even dominance of large quasi-state or private conglomerates. Such for example were the Zaibatsus in the pre-WWII and the Keiretsus of the post-WWII Japan and the Chaebols of South Korea which enjoyed...
Persistent link: https://www.econbiz.de/10010530528
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A study on the impact of mobile telecommunication on the welfare of Sub Saharan african countries
Plambeck, Hauke Heinrich Friedrich - 2010
Africa: A continent is waking up. Not through aid or wealth from the exploitation of natural resources, but through a technological revolution. The access to affordable mobile telecommunication. Inspired by deregulation and pioneered by local champions who have taken a lead in what is today's...
Persistent link: https://www.econbiz.de/10010245059
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Information, coordination, and the industrialization of countries
Englmaier, Florian; Reisinger, Markus - 2006
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how appropriate information provision enhances efficiency....
Persistent link: https://www.econbiz.de/10010371074
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Stochastic Discounting in Repeated Games : Awaiting the Almost Inevitable
Barlo, Mehmet - 2011
We study repeated games with pure strategies and stochastic discounting under perfect information, with the requirement that the stage game has at least one pure Nash action profile. Players discount future payoffs with a common, but stochastic, discount factor where associated stochastic...
Persistent link: https://www.econbiz.de/10013130679
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A Note on Risk Dominance and Sequential Equilibrium
Brown, Murray - 2008
This note shows that the loss deviations in Selten's (1995) risk dominance measure are the same as the arguments of the probability of a strategy that supports a sequential equilibrium. Risk dominance is used to select among Nash equilibria, while sequential equilibrium, which is stronger than...
Persistent link: https://www.econbiz.de/10012724043
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Social Memory and Evidence from the Past
Anderlini, Luca - 2008
Examples of repeated destructive behavior abound throughout the history of human societies. This paper examines the role of social memory -- a society's vicarious beliefs about the past -- in creating and perpetuating destructive conflicts. We examine whether such behavior is consistent with the...
Persistent link: https://www.econbiz.de/10012773656