Showing 1 - 10 of 4,107
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681117
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681701
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
In this paper we consider the location of the eigenvalues of the composite matrix ( -A S1 S2 ) ( Q1 At 0 ) ( Q2 0 At ) , where the matrices Si and Qi are assumed to be semi-positive definite. Two interesting observations, which are not or only partially mentioned in literature before, challenge...
Persistent link: https://www.econbiz.de/10011087121
In this paper we characterize the subgame perfect Nash equilibria of a location-then-price game where firms first choose locations and after that compete for prices in two subsequent periods. Locations are thus seen as long term commitments. There are two types of consumers, each with different...
Persistent link: https://www.econbiz.de/10011087127
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the … of two new subject-matters: evolutionary game theory and cognitive economy. Both sciences share their investigation field …
Persistent link: https://www.econbiz.de/10011258906
section proposes a research agenda emphasizing an interdisciplinary approach to both intrahousehold theory and empirical …
Persistent link: https://www.econbiz.de/10005451684
A matching and bargaining model in a market with one seller and two buyers, differing only in their reservation price, is analyzed. No subgame perfect equilibrium exists for stationary strategies. The authors demonstrate the existence of inefficient equilibria in which the low buyer receives the...
Persistent link: https://www.econbiz.de/10005749740
Lloyd Shapley is considered one of the pioneers of game theory. His most prominent contributions are the inception and … study of value theory and core theory. These two theories are the key to solving problems involving the allocation of goods … of market economies. His contributions to non-cooperative game theory include the introduction of stochastic games …
Persistent link: https://www.econbiz.de/10011141073
papers are part of a program to reconstruct game theory in order to make how players reason about a game a central feature of … the theory. The program — now called epistemic game theory — extends the classical definition of a game model to include … implications of how players reason for how a game is played. Epistemic game theory includes traditional equilibrium-based theory as …
Persistent link: https://www.econbiz.de/10011010976