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The main objects here are Nash equilibria in spatial Cournot oligopolies when profits depend on coordinated distribution. Production is non-cooperative, but the subsequent transportation must be performed jointly to minimize costs. Cournot-Nash equilibria for this two-stage game with partial...
Persistent link: https://www.econbiz.de/10013155252
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10014102587
Complementary to the axiomatic and mechanism design studies on queueing problems, this paper proposes a strategic bargaining approach to resolve queueing conflicts. Given a situation where players with different waiting costs have to form a queue in order to be served, they firstly compete with...
Persistent link: https://www.econbiz.de/10010238945
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
In this paper we consider a special class of n-person potential games and investigate partial cooperation between a portion of the players that sign a cooperative agreement. Existence results of partial cooperative equilibria are obtained and some possible applications are discussed,...
Persistent link: https://www.econbiz.de/10014202053
This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining problem is modeled as a dynamic non-cooperative game in which players make conditional or unconditional offers, coalitions continue to negotiate as long as there are gains from...
Persistent link: https://www.econbiz.de/10014035050
Is civil and criminal litigation a search for truth, like science or philosophy, or a game of skill and luck, like the game of poker? Although the process of litigation has been modeled as a Prisoner’s Dilemma, as a War of Attrition, as a Game of Chicken, and even as a simple coin toss, no one...
Persistent link: https://www.econbiz.de/10014162342
In this paper, we present a general model in which mutually dependent negotiations are simultaneously conducted and define a solution concept for the model. We provide a sufficient condition for the solution to exist and show that the solutions approximately coincide with the equilibrium...
Persistent link: https://www.econbiz.de/10012930457
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public...
Persistent link: https://www.econbiz.de/10010293065
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489788