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Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?
Mußhoff, Oliver; Hirschauer, Norbert; Hengel, Philipp - In: Journal of International Agricultural Trade and Development 60 (2011) 3
Politik hat vielfach zum Ziel, das Verhalten von Wirtschaftssubjekten durch eine Veränderung der Rahmenbedingungen zu steuern. Bei der Politikfolgenabschätzung müssen deshalb Voraussagen gemacht werden, wie Menschen sich an veränderte ökonomische Bedingungen anpassen. Eine wichtige...
Persistent link: https://www.econbiz.de/10011143123
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Bargaining and Markets: Complexity and the Walrasian Outcome
Sabourian, Hamid - Cowles Foundation for Research in Economics, Yale University - 2000
are no transaction costs, the outcome of this matching and bargaining game should be the unique competitive equilibrium … equilibrium that survives is the unique competitive outcome. This will be done both for the random matching and for the voluntary … matching models. Thus the paper demonstrates that complexity costs might have a role in providing a justification for the …
Persistent link: https://www.econbiz.de/10005593559
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Complexity and Competition, Part I: Sequential Matching
Gale, D.; Sabourian, H. - Faculty of Economics, University of Cambridge - 2003
done for sequential deterministic matching/bargaining models in which at any date either the identities of the matched …
Persistent link: https://www.econbiz.de/10005647515
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Sequential Bargaining in a Market with One Seller and Two Different Buyers
Groes, Ebbe; Tranæs, Torben - Økonomisk Institut, Københavns Universitet - 1989
A matching and bargaining model in a market with one seller and two buyers, differing only in their reservation price …
Persistent link: https://www.econbiz.de/10005749740
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Shapley, Lloyd S.(1923)
Qin, Manel Baucells Raul Lejano Cheng-Zhong - Palgrave Macmillan
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 …, such as the exploration of stable solutions for matching and exchange, the measurement of power and a deeper understanding …
Persistent link: https://www.econbiz.de/10011141073
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Non-computability of competitive equilibrium
Wong, Kam-Chau; Richter, Marcel K. - In: Economic Theory 14 (1999) 1, pp. 1-27
We provide a "computable counterexample" to the Arrow-Debreu competitive equilibrium existence theorem [2]. In particular, we find an exchange economy in which all components are (Turing) computable, but in which no competitive equilibrium is computable. This result can be interpreted as an...
Persistent link: https://www.econbiz.de/10005370841
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A Ricardian Model of the Tragedy of the Commons
Lasserre, Pierre; Soubeyran, Antoine - Centre Interuniversitaire de Recherche en Analyse des … - 2001
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10005100787
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Can overconfidence explain the consumption hump?
Bagchi, Shantanu - In: Journal of Economics and Finance 35 (2011) 1, pp. 41-70
Persistent link: https://www.econbiz.de/10008925197
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On the robustness of the competitive equilibrium: Utility-improvements and equilibrium points
Chakrabarti, Subir K. - In: Journal of Mathematical Economics 55 (2014) C, pp. 36-47
We show that the set of competitive equilibrium points of a pure exchange economy are the equilibrium points of a broader class of better-response demands than the usual utility-maximizing demand functions. The better-response demands are derived from assigning weights to all commodity bundles...
Persistent link: https://www.econbiz.de/10011118010
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Households, Markets and Public Choice
Gersbach, Hans; Haller, Hans - CESifo - 2014
favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …
Persistent link: https://www.econbiz.de/10010889986