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The sensitivity of Nash equilibrium to strategic and informational details presents a difficulty in applying it to games which are not fully speci?ed. Structurally-robust Nash equilibria are less sensitive to such details. More- over, they arrise naturally in important classes of games that have...
Persistent link: https://www.econbiz.de/10005252417
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We study how rework routing together with wage and piece rate compensation can strengthen incentives for quality. Traditionally, rework is assigned back to the agent who generates the defect (in a self routing scheme) or to another agent dedicated to rework (in a dedicated routing scheme). In...
Persistent link: https://www.econbiz.de/10005588690
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010659195