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The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906
This article evaluates the feminist and institutional dimensions of intra-household economics. A brief intellectual history of this emerging subfield of microeconomics argues that the weakness of the New Home Economics lies not only in its failure to deal with the individuals that make up the...
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
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with...
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 combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with...
Persistent link: https://www.econbiz.de/10010681701
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 or payoffs achievable through cooperation....
Persistent link: https://www.econbiz.de/10011141073
Analysis of the process of negotiations in redistribution systems shows two things: a) The negotiations process … of the cross-coalition type, the sensitivity of the negotiations process to imperfections of the negotiations process and … complexes that replicate in the communications (and thus also the negotiations) space, and restrict the rationality of the …
Persistent link: https://www.econbiz.de/10010860152
A redistribution system has two main attributes: 1. The greater the deviation of the payout of players from their performance, the greater the decline in the performance of the system. 2. The cause of this deviation is the formation of coalitions that treat their members preferentially and...
Persistent link: https://www.econbiz.de/10010680339
Analysis of the process of negotiations in redistribution systems shows two things: a) The negotiations process … of the cross-coalition type, the sensitivity of the negotiations process to imperfections of the negotiations process and … complexes that replicate in the communications (and thus also the negotiations) space, and restrict the rationality of the …
Persistent link: https://www.econbiz.de/10010680344
This paper examines the problem of achieving global cooperation to reduce greenhouse gas emissions. Contributions to this problem are reviewed from noncooperative game theory, cooperative game theory, and implementation theory. We examine the solutions to games where players have a continuous...
Persistent link: https://www.econbiz.de/10008756132