Showing 1 - 10 of 13,502
We define an algebro-topological concept of essential map and we use it to prove several results in the theory of general equilibrium and nash equilibrium refinement.
Persistent link: https://www.econbiz.de/10005013910
This paper formalizes the relation between comparative statics and the out-of-equilibrium explanation for how a system evolves after a change in parameters.
Persistent link: https://www.econbiz.de/10005207775
The main object of this paper is the study of tax evasion from a theoretical point of view. We construct a simple two-player model in order to analyze the interaction between the taxpayer and the IRS and the main tool we use is game theory. We derive equilibrium solutions for the static game and...
Persistent link: https://www.econbiz.de/10005014729
Persistent link: https://www.econbiz.de/10005136836
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10005106604
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10005645366
Innovation is an important topic in economics. This paper highlights duopoly innovation under the Hotelling model with game theory approaches. This paper argues that market power, as measured by the cost advantage of a dominant firm over its rival, serves to enhance the incentive to innovate in...
Persistent link: https://www.econbiz.de/10010734360
Firms' quality commitment can efficiently improve the demand. This paper addresses the quality commitment under the duopoly. By establishing a Cournot model, the effects of quality commitment are discussed. Firstly, under one-sided quality commitment, the higher efficiency firm committing in...
Persistent link: https://www.econbiz.de/10010738032
According to Alfred Korzybski (1921) humans unlike plants and animals have the property to bind time, i.e. they are able to transfer experience through time. Humans are capable to collenct knowledge from the past and communicate their knowledge to the future. This paper investigates the...
Persistent link: https://www.econbiz.de/10005623357
This paper highlights the monopoly firms´ commitments for goods requiring high maintenance expenditure, such as elevators, televisions and computers. A guarantee time limit model to maintain these special goods is presented in this paper. Based on this model, several types of commitments with...
Persistent link: https://www.econbiz.de/10011195575