Showing 1 - 10 of 1,319
This is a survey and discussion of work covering both formal game theory and experimental gaming prior to 1991. It is a useful preliminary introduction to the considerable change and emphasis which has taken place since that time where dynamics, learning, and local optimization have challenged...
Persistent link: https://www.econbiz.de/10014024483
Persistent link: https://www.econbiz.de/10003328458
This paper studies experimentally the selection of strategies in a canonical dynamic environment, the dynamic common pool game. The main goal is to evaluate if behavior can be rationalized with strategies that condition on past play that can support efficient outcomes, or with stationary Markov...
Persistent link: https://www.econbiz.de/10013037481
Traditionally social sciences are interested in structuring people in multiple groups based on their individual preferences. This paper suggests an approach to this problem in the framework of a noncooperative game theory.Definition of a suggested finite game includes a family of nested...
Persistent link: https://www.econbiz.de/10012957415
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
Persistent link: https://www.econbiz.de/10011287058
Purpose The authors characterize the conditions under which a country may eventually split and when it splits within an infinite horizon multi-stage differential game. Design/methodology/approach In contrast to the existing literature, the authors do not assume that after splitting, players will...
Persistent link: https://www.econbiz.de/10014517741
For each outcome (i.e. a payoff vector augmented with a coalition structure) of a TU-game with a non-empty coalition structure core there exists a finite sequence of successively dominating outcomes that terminates in the coalition structure core. In order to obtain this result a restrictive...
Persistent link: https://www.econbiz.de/10014124612
This paper shows that, if countries are farsighted when deciding whether to defect from a coalition, then the implementation of cleaner technologies may jeopardize the chances of reaching an international environmental agreement. The grand coalition may be destabilized by the implementation of...
Persistent link: https://www.econbiz.de/10013104564
Increasing concerns about climate change have given rise to the formation of International Environmental Agreements (IEAs) as a possible solution to limit global pollution effects. In this paper, we study the stability of IEAs in a repeated game framework where we restrict to strategies which...
Persistent link: https://www.econbiz.de/10011332824
Persistent link: https://www.econbiz.de/10008778836