Showing 1 - 10 of 2,031
Persistent link: https://www.econbiz.de/10011396602
Persistent link: https://www.econbiz.de/10010424205
Persistent link: https://www.econbiz.de/10010394999
For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that "proper" models result in mathematical intractabilty, while none of the proposed...
Persistent link: https://www.econbiz.de/10011305426
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011327822
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
Persistent link: https://www.econbiz.de/10009735720
We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theor etical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from...
Persistent link: https://www.econbiz.de/10010406281
Persistent link: https://www.econbiz.de/10012820695
Fiscal externalities arise if subsidies to higher education raise future net fiscal revenues. We investigate in which countries fiscal externalities provide a justification for increasing subsidies to higher education. First, we show that the marginal fiscal recovery rate, i.e. the ratio of the...
Persistent link: https://www.econbiz.de/10012652848