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Understanding Fixed Point Theorems
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
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
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SEQUENTIAL ARBITRATION PROCEDURES
Brams, Steven J.; Kilgour, D. Marc; Weber, Shlomo - C.V. Starr Center for Applied Economics, Department of … - 1989
Persistent link: https://www.econbiz.de/10005264449
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Final-Offer Arbitration Under Incomplete Information
Samuelson, William F. - In: Management Science 37 (1991) 10, pp. 1234-1247
In recent years, final-offer arbitration (FOA) has become an increasingly frequent means of resolving labor disputes in … true value of the case. The model characterizes the disputants' equilibrium offer behavior and examines arbitration …, FOA can be expected to be less costly to administer than arbitration procedures that attempt to extract perfect …
Persistent link: https://www.econbiz.de/10009204422
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Do Team-Specific Revenues Matter in Baseball’s Arbitration System?
Miller, Phillip A. - In: International Journal of Sport Finance 1 (2006) 3, pp. 162-173
According to baseball’s collective bargaining agreement, arbitrators may not consider team finances when rendering a decision. The author develops two theories to examine the setting of final offers. In the first theory, final offers are simply functions of the arbitral criteria and are,...
Persistent link: https://www.econbiz.de/10005427020
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Final-Offer Arbitration
Wittman, Donald - In: Management Science 32 (1986) 12, pp. 1551-1561
In final-offer arbitration the two parties to a dispute submit final offers to an arbitrator. The arbitrator then … are imperfectly informed about the arbitrator's preferences, final-offer arbitration can be modeled as a game of imperfect … characteristics of the arbitrator and the disputants. We provide conditions for an equilibrium to exist in a final-offer arbitration …
Persistent link: https://www.econbiz.de/10009191120
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Binding Versus Final-Offer Arbitration: A Combination is Best
Brams, Steven J.; Samuel Merrill, III - In: Management Science 32 (1986) 10, pp. 1346-1355
A new procedure is proposed for settling disputes which combines binding arbitration (BA) and final-offer arbitration … (FOA). Unlike either of the two pure procedures, combined arbitration (CA) induces the two parties to converge in making … arbitration procedure are discussed. …
Persistent link: https://www.econbiz.de/10009191818
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On the relationship between the open-loop Nash equilibrium in LQ-games and the inertia of a matrix
Engwerda, Jacob; Weeren, A.J.T.M. - Tilburg University, School of Economics and Management - 1994
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
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The location model with two periods of price competition
Webers, H.M. - Tilburg University, School of Economics and Management - 1994
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
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The Language of Game Theory:Putting Epistemics into the Mathematics of Games
Brandenburger, Adam - World Scientific Publishing Co. Pte. Ltd.
This volume contains eight papers written by Adam Brandenburger and his co-authors over a period of 25 years. These 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...
Persistent link: https://www.econbiz.de/10011010976
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THE NEW BASEL ACCORD AND THE NATURE OF RISK: A GAME THEORETIC PERSPECTIVE
BIETA, VOLKER; BROLL, UDO; MILDE, HELLMUTH; SIEBE, WILFRIED - In: Annals of Financial Economics (AFE) 04 (2008) 01, pp. 0850003-1
Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are changing over to active risk control. But, if risk management is no longer a simple "game against nature", if all agents involved are active players then a shift from a...
Persistent link: https://www.econbiz.de/10011011022