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Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network … (undirected two-terminal) network provides information about the existence of pure-strategy Nash equilibrium in the game. For some … network has at most three routes that do traverse any edge in opposite directions, or it consists of several such networks …
Persistent link: https://www.econbiz.de/10010335972
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010320417
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010275834
The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...
Persistent link: https://www.econbiz.de/10010301361
A symmetric network consists of a set of positions and a set of bilateral links between these positions. Examples of … symmetric network we define a cooperative transferable utility game that measures the power of each coalition of positions in … the network. Applying the Shapley value to this game yields a network power measure, the beta-measure, which reflects the …
Persistent link: https://www.econbiz.de/10010325263
In this paper we describe the extreme points of two closely related polytopes that are assigned to a digraph. The first polytope is the set of all sharing vectors (elements from the unit simplex) such that each node gets at least as much as each of its successors. The second one is the set of...
Persistent link: https://www.econbiz.de/10010325211
Suppose that individual payoffs depend on the network connecting them. Consider the following simultaneous move game of … network formation: players announce independently the links they wish to form, and links are formed only under mutual consent …. We provide necessary and sufficient conditions on the network link marginal payoffs such that the set of pairwise stable …
Persistent link: https://www.econbiz.de/10010312598
We consider a model of an information network where nodes can fail and transmission of information is costly. The …
Persistent link: https://www.econbiz.de/10010274309
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