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) Bargaining and Voting, page 49. -- Bargaining ; voting ; fairness ; equilibrium …1) Bargaining Unexplained, page 2 2) Bargaining Assumptions in the Study of Politics, Law and War, page 27 3 …
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consider are deliberately simple, but could serve as benchmarks for more complicated equilibrium models with additional …
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equilibrium and show how it can be applied to a slightly modified prisoners' dilemma and the traditional model of general … equilibrium theory. A significant result that we obtain is that a strategy profile is a competitive equilibrium if and only it is … of competitive equilibrium called an optimal competitive equilibrium and study its relationship with competitive …
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This paper shows that under very general conditions, there exists a locally stable Nash equilibrium in games of …. While it is well known that in such cases a unique equilibrium is globally stable, no equilibrium can be globally stable … when multiple equilibria exist. However, the existence of a locally stable equilibrium remains an open question, as we give …
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We revisit the Cournot–Bertrand debate in the light of Cournot, Edgeworth and Launhardt, tracing back to Launhardt the origin of price competition in duopoly models with constant returns to scale. Then, we discuss the formalisation of consumer utility function for differentiated products,...
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