This paper investigates a decentralized assembly system that consists of one manufacturer and multiple suppliers who produce the complementary components. In a single selling season, the manufacturer initially sets a vendor inventory liability period (VILP) to control the suppliers' delivery...

This work develops the mathematics that underlies many agent-based models and multi-agent systems, both of which could only previously be studied by computer simulation. It also introduces complexity into the study of economic systems while retaining closed-form analysis, and it establishes new...

In this paper, we experimentally investigate how sending a signal of following social norms impacts people's cooperative behavior in a repeated public goods game, where we disentangle the effect of strategy and internalization of social norms on cooperation. We find that under the signaling...

Individual players in a simultaneous equation binary choice model act differently in different environments in ways that are frequently not captured by observables and a simple additive random error. This paper proposes a random coefficient specification to capture this type of heterogeneity in...

We study a simultaneous, complete-information game played by p = 1 P agents. Each p has an ordinal decision variable Y p ∈ A p ={ 0 1 M p} , where M p can be unbounded, A p is p’s action space, and each element in A p is an action , that is, a potential value for Y p . The collective action...