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Testing the TASP: An experimental investigation of learning in games with unstable equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10010288137
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A differential oligopoly game with sticky prices and environmental externality
Tehranchian, Amir Mansour; Arabi, Samad Yadollahpour - In: Iranian economic review : journal of University of Tehran 17 (2013) 2, pp. 83-106
Persistent link: https://www.econbiz.de/10010243173
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Cournot's oligopoly equilibrium under different expectations and differentiated production
Grisáková, Nora; Štetka, Peter - In: Games 13 (2022) 6, pp. 1-17
games. An infinite time interval is considered here. Three types of future expectations were considered: a simple dynamic …
Persistent link: https://www.econbiz.de/10014418202
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Disequilibrium play in tennis
Anderson, Axel; Rosen, Jeremy; Rust, John; Wong, Kin-Ping - 2021
Persistent link: https://www.econbiz.de/10012549732
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Disequilibrium play in tennis
Anderson, Axel; Rosen, Jeremy; Rust, John; Wong, Kin-Ping - 2023
Are the serves of the world’s best tennis pros consistent with the theoretical predictions of Nash equilibrium in mixed strategies? We analyze their serve direction choices (to the receiver’s left, right or body) with data from an online database called the Match Charting Project. Using a...
Persistent link: https://www.econbiz.de/10014259364
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Cooperative Models in Action : Simulation of a Nash-Bargaining Model of Household Labor Supply with Taxation
Bargain, Olivier; Moreau, Nicolas - 2005
Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for policy...
Persistent link: https://www.econbiz.de/10010262203
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Contributing or free-riding? A theory of endogenous lobby formation
Furusawa, Taiji; Konishi, Hideo - 2008
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government's choice on...
Persistent link: https://www.econbiz.de/10010270938
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An exact non-cooperative support for the sequential Raiffa solution
Trockel, Walter - 2009
games. Based on an approximate foundation due to Myerson (1997) for any two-person bargaining game (S,d) an extensive form …
Persistent link: https://www.econbiz.de/10010272572
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On Maskin monotonicity of solution based social choice rules
Haake, Claus-Jochen; Trockel, Walter - 2007
Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
Persistent link: https://www.econbiz.de/10010272596
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Does bargaining matter in the small firm matching model?
L'Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - 2010
In this article, we use a stylized model of the labor market to investigate the effects of three alternative and well-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm's matching model of unemployment. To the best of...
Persistent link: https://www.econbiz.de/10010274621