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Self-enforcing voluntary agreements and environmental reputation
Cavaliere, Alberto - 1999
its equilibrium strategy in a repeated but finite game, in order to build an environmental reputation if we suppose that … reputation. Due to the peculiarity of environmental information (green products are credence goods), we claim that an explicit … the reputation effect. …
Persistent link: https://www.econbiz.de/10011608537
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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
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10010297768
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Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems
Jochem, Axel - 1999
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010300396
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Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper …
Persistent link: https://www.econbiz.de/10010301361
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A Positive Framework to Analyze Sovereign Bail-outs within the EMU
Fahrholz, Christian; Wójcik, Cezary - 2011
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489
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Uniqueness in Infinitely Repeated Decision Problems
Vieille, Nicolas; Weibull, Jörgen W. - 2002
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10010334653
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Evolution and Refinement with Endogenous Mistake Probabilities
van Damme, Eric; Weibull, Jörgen W. - 1999
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population dynamics in Kandori, Mailath and rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model mutation rates as...
Persistent link: https://www.econbiz.de/10010334682
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Evolution with Mutations Driven by Control Costs
Weibull, Jörgen W.; van Damme, Eric - 1998
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...
Persistent link: https://www.econbiz.de/10010334690