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Distributional effects in household models: Separate spheres and income pooling
Browning, Martin; Chiappori, Pierre Andre; Lechene, Valérie - 2006
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public...
Persistent link: https://www.econbiz.de/10010293065
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Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
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
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Existence of Nash networks in one-way flow models
Billand, Pascal; Bravard, Christophe; Sarangi, Sudipta - 2007
This paper addresses the existence of Nash equilibria in one-way flow or directed network models in a number of …
Persistent link: https://www.econbiz.de/10010264988
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On uniqueness and stability of symmetric equilibria in differentiable symmetric games
Hefti, Andreas - 2011
Higher-dimensional symmetric games become of more and more importance for applied micro- and macroeconomic research. Standard approaches to uniqueness of equilibria have the drawback that they are restrictive or not easy to evaluate analytically. In this paper I provide some general but...
Persistent link: https://www.econbiz.de/10010316848
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Robustness to Strategic Uncertainty
Andersson, Ola; Argenton, Cédric; Weibull, Jörgen W. - 2012
In games with continuum strategy sets, we model a player's uncertainty about another player's strategy, as an atomless probability distribution over the other player's strategy set. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty vanishes,...
Persistent link: https://www.econbiz.de/10010320409
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Robustness to strategic uncertainty in price competition
Andersson, Ola; Argenton, Cédric; Weibull, Jörgen W. - 2010
We model a player's uncertainty about other player's strategy choices as probability distributions over their strategy sets. We call a strategy profile robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence of strategy profiles in each of which every...
Persistent link: https://www.econbiz.de/10010281422
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On the role of non-equilibrium focal points as coordination devices
Bosch-Domènech, Antoni; Vriend, Nicolaas J. - 2008
Considering a pure coordination game with a large number of equivalent equilibria, we argue, first, that a focal point that is itself not a Nash equilibrium and is Pareto dominated by all Nash equilibria, may attract the players' choices. Second, we argue that such a non-equilibrium focal point...
Persistent link: https://www.econbiz.de/10010284116
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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 … (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
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Scenario sampling for large supermodular games
Graham, Bryan S.; Pelican, Andrin - 2023
-action game. Covered examples include (certain types of) peer effect, technology adoption, strategic network formation, and multi …
Persistent link: https://www.econbiz.de/10014480510
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Strategic path reliability in information networks
Kannan, Rajgopal; Sarangi, Sudipta; Iyengar, Sundaraja … - 2002
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