Showing 1 - 10 of 42
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
Persistent link: https://www.econbiz.de/10012587476
We present a multistage stochastic procedure that produces a fair allocation of a cake among n-person. In each step players observe the collection of the random offers (x1, …, xn), where x1 + ⋯ + xn = 1. As the proposal emerged players have to make a decision to accept it or reject it. The...
Persistent link: https://www.econbiz.de/10011011321
This paper examines the existence of Berge equilibrium. Colman et al. provide a theorem on the existence of this type of equilibrium in the paper [Colman, A. M., Körner, T. W., Musy, O. and Tazdaït, T. [2011] Mutual support in games: Some properties of Berge equilibria, J. Math. Psychol. 55,...
Persistent link: https://www.econbiz.de/10011011347
The concert queueing problem corresponds to determining the equilibrium arrival profile of non-cooperative customers selecting their arrival times to a queue where the service opens at a specified time. The customers are allowed to arrive before or after this time. This problem has a variety of...
Persistent link: https://www.econbiz.de/10011279151
We consider a two player finite state-action general sum single controller constrained stochastic game with both discounted and average cost criteria. We consider the situation where player 1 has subscription-based constraints and player 2, who controls the transition probabilities, has...
Persistent link: https://www.econbiz.de/10011279157
We introduce a new zero-sum matrix game for modeling search in structured domains. In this game, one player tries to find a "bug" while the other tries to hide it. Both players exploit the structure of the "search" domain. Intuitively, this search game is a mathematical generalization of the...
Persistent link: https://www.econbiz.de/10005081024
The objective of this work is to analyze how social networks coevolve with other dimensions of agents' choice. We present a model where agents choose their neighbors as well as a mode of behavior in 2 × 2 anti-coordination games, i.e. games where an individual's best response is to behave...
Persistent link: https://www.econbiz.de/10004964044
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/10004964051
This paper presents two new results on the enumeration of all extreme equilibria of the sequence form of a two person extensive game. The sequence form of an extensive game is expressed, for the first time to our knowledge, as a parametric linear 0 - 1 program. Considering Ext(P) as the set of...
Persistent link: https://www.econbiz.de/10008475660
We consider a two-sided search model in which individuals from two distinct populations would like to form a long-term relationship with a member of the other population. The individual choice is determined by the quality of the partner. Initially the quality of individuals in the population is...
Persistent link: https://www.econbiz.de/10005012074