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Im Mittelpunkt dieses IfG-Arbeitspapieres stehen Wertschöpfungsnetzwerke. Es handelt sich dabei um vertikale Kooperationen in einer bestimmten Ausgestaltung. Mitglieder sind rechtlich selbständige Unternehmen, die auf mindestens zwei aufeinander folgenden Wertschöpfungsstufen...
Persistent link: https://www.econbiz.de/10010331306
The paper introduces a specification of the demand side which allows RPM to have different effects on prices and on service, which may increase or decrease due to RPM. A feature of the model which deviates from those found in the literature is due to the introduction of a class of consumers who...
Persistent link: https://www.econbiz.de/10010296530
Proponents of RPM argue that RPM helps to sustain a high level of service at the point of sale and that such a high level is efficient. This paper provides a simple model which leads to the following conclusions: 1) RPM may increase or decrease the level of service. 2) Whether the service level...
Persistent link: https://www.econbiz.de/10010296532
Although there exist learning processes for which the empirical distribution of play comes close to Nash equilibrium it is an open question whether the players themselves can learn to play equilibrium strategies without assuming that they have prior knowledge of their opponents' strategies...
Persistent link: https://www.econbiz.de/10010293493
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
We illustrate one way in which a population of boundedly rational individuals can learn to play an approximate Nash equilibrium. Players are assumed to make strategy choices using a combination of imitation and innovation. We begin by looking at an imitation dynamic and provide conditions under...
Persistent link: https://www.econbiz.de/10011324955
Persistent link: https://www.econbiz.de/10010334668
, forcing the remaining workers to invest in productive activities. This contradicts existing theory that unequal compensation …
Persistent link: https://www.econbiz.de/10010335981
We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...
Persistent link: https://www.econbiz.de/10010264539
A game-theoretic framework that allows for explicitly randomized strategies is used to study the e ect of ambiguity aversion on equilibrium outcomes. The notions of 'independent strategies' as well as of 'common priors' are amended to render them applicable to games in which players lack...
Persistent link: https://www.econbiz.de/10010270432