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players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …
Persistent link: https://www.econbiz.de/10009752420
State borders create a discontinuous tax treatment of retail sales. In a Nash game, local tax rates will be higher on the low-state-tax side of a border. Local taxes will decrease from the nearest high-tax border and increase from the low-tax border. Using driving time from state borders and all...
Persistent link: https://www.econbiz.de/10010503466
infrastructure compete, the resulting Nash equilibrium profiles are inefficient. Under certain conditions, states that have won once …, can “allow” a rival to win in a subsequent stage. The resulting Nash Equilibrium is more efficient. If the option of …
Persistent link: https://www.econbiz.de/10013050819
equilibrium networks are nested split graphs. Additionally, we show that the game is a potential game, even when we introduce …
Persistent link: https://www.econbiz.de/10012591497
symmetric equilibrium strategies that are continuous and nonconstant over the set of values for which the good has a positive … values that can support a continuous piecewise-linear symmetric equilibrium, and we calculate such equilibria for these …
Persistent link: https://www.econbiz.de/10012726475
We reconsider Laussel and Palfrey's (2003) analysis of private provision of a discrete public good via the subscription game. We show that the equilibria they define as semi-regular do not exist. Taking players' values for the public good as uniformly distributed on [vl, vh] with vl 0, we...
Persistent link: https://www.econbiz.de/10014050790
relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result -- any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …
Persistent link: https://www.econbiz.de/10011108853
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10003923234
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10013149366
Persistent link: https://www.econbiz.de/10012813796