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This paper examines the behaviour of two firms competing in a duopoly, where firms can influence demand through use of advertising. The paper simulates the strategic interaction of the two firms based on a game-theoretic Cournot analytical model. The evolution over time of the Nash equilibrium...
Persistent link: https://www.econbiz.de/10012698096
. A simulation model tests the proposed method compared to a benchmark where each machine works with fixed power. The … simulation results show how the model can improve the performance of the manufacturing system in several conditions tested. In …
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for invested capital. By using the model of the European electricity market and the market simulation tool which are both …
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The famous game of two cars is a pursuit-evasion dynamic game. In theextended version presented here, a correct driver (evader) on a freeway detectsa wrong-way driver (pursuer in a worst case scenario), i.e., a car driving on thewrong lanes of the road or in the wrong direction. The correct...
Persistent link: https://www.econbiz.de/10005870793
using a simulation approach. The model analyzes the average decision quality of a heterogeneous group considering it … interaction within the group and voting under strategic behaviour, using the Harsanyi/Selten approach. The simulation calculates …
Persistent link: https://www.econbiz.de/10009005128
This paper provides a new way to identify conditional cooperationin a real-time version of the standard voluntary contribution mechanism. Ourapproach avoids most drawbacks of the traditional procedures because it relieson endogenous cycle lengths, which are defined by the number of contributors...
Persistent link: https://www.econbiz.de/10005866399