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Persistent link: https://www.econbiz.de/10005669486
consequences are also derived for strategic market games. …
Persistent link: https://www.econbiz.de/10005475298
We investigate properties of correlated equilibria in competitive, pure-exchange market games. We prove that: 1) the …
Persistent link: https://www.econbiz.de/10005475300
This paper constructs two feasible strategic market games associated to an economy with infinite-dimensional trade … coincides with the set of competitive equilibria. In both games, consumers may go bankrupt out of equilibrium, punishment rules …
Persistent link: https://www.econbiz.de/10005475302
We consider repeated games of complete information and imperfect monitoring, where the observation structure is given … contexts of correlated equilibrium, sequential equilibrium and finitely repeated games. …
Persistent link: https://www.econbiz.de/10005475326
We consider markets in which agents aupply one unit of time that is equal to the duration of the market. We show that a coalitional game can be generated by such a market if and only if the characteristic function of the game is superadditive. We also characterize the vectors of balancing...
Persistent link: https://www.econbiz.de/10005478596
The preemptive role of capital is analysed in a class of two-player symmetric capital accumulation differential games …
Persistent link: https://www.econbiz.de/10005479037
This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games … are defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions …
Persistent link: https://www.econbiz.de/10005479051
This paper provides sufficient conditions for the existence of pure strategy Nash equilibrium in a class of games of …
Persistent link: https://www.econbiz.de/10005479063
evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented …
Persistent link: https://www.econbiz.de/10005486499