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Equilibrium Selection under Different Learning Modes in Supermodular Games
Kaarboe, Oddvar M.; Tieman, Alexander F. - 1999
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization. We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10010324637
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Network topology and equilibrium existence in weighted network congestion games
Milchtaich, Igal - 2010
Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network congestion game with player-specific costs. In the first presentation, different players may contribute differently to congestion, and in the second, they are differently (negatively)...
Persistent link: https://www.econbiz.de/10010335972
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Market formation in bilateral oligopolies
Bloch, Francis; Ferrer, Hélène - 1999
This paper investigates the structure of bilateral oligopolies - a simple version of Shapley Shubik games with two types of traders and two commodities. It shows that interior equilibria exist, studies the example of CES utility functions to uncover the relation between the complementarity of...
Persistent link: https://www.econbiz.de/10011608523
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Export subsidies and endogenous market structures: Some neglected issues
Lorz, Jens Oliver - 1992
Persistent link: https://www.econbiz.de/10010275582
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Sales force deployment by genetic concepts
Sprecher, Arno - 1999
Sales force management decisions belong to the major issues considered in marketing research. Among others, the alignment of sales territories has been one of the main field of work for years. Recent results have reported a strong impact of the alignment of sales territories on profit, and,...
Persistent link: https://www.econbiz.de/10011558753
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Introduction to Convex and Quasiconvex Analysis
Frenk, J.B.G.; Kassay, G. - 2001
mathematics also applications to optimization theory andnoncooperative game theory are considered. …
Persistent link: https://www.econbiz.de/10010324795
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Measuring the Power of Nodes in Digraphs
Herings, P. Jean-Jacques; van der Laan, Gerard; Talman, Dolf - 2001
Many economic and social situations can be represented by a digraph. Both axiomatic and iterativemethods to determine the strength or power of all the nodes in a digraph have been proposed inthe literature. We propose a new method, where the power of a node is determined by both thenumber of its...
Persistent link: https://www.econbiz.de/10010325076
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Deterministic Approximation of Stochastic Evolution in Games
Benaim, Michel; Weibull, Jörgen W. - 2000
equations of the type studied in evolutionary game theory. We establish precise connections between the long-run behavior of the …
Persistent link: https://www.econbiz.de/10010334938
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The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective
Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007
– game 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 …
Persistent link: https://www.econbiz.de/10010296819
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To Help or not to Help: The Samaritan's Dilemma Revisited
Schmidtchen, Dieter - 1999
Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...
Persistent link: https://www.econbiz.de/10010296908