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In a game with positive externalities, such as e.g. the standard environmental externality game used in the analysis of international environmental agreements, the solutions having the property of coalitional internal stability, when they exist, are compared in this paper with the solutions with...
Persistent link: https://www.econbiz.de/10011246306
Effective supply chain management relies on information integration and implementation of best practice techniques across the chain. Supply chains are examples of complex multi-stage systems with temporal and causal interrelations, operating multi-input and multi-output production and services...
Persistent link: https://www.econbiz.de/10010610479
International negotiations have failed to achieve an ambitious outcome to limit climate risks. A Cournot outcome where countries determine their mitigation commitments in the full knowledge of those by others could be an important step. It would avoid a Stackelberg (leader-follower) outcome...
Persistent link: https://www.econbiz.de/10010752810
In this paper we analyze a model of proportional representation that allows for both sincere and strategic voting. We prove that strategic voters vote only for the extreme parties in any equilibrium,if the electorate is large.
Persistent link: https://www.econbiz.de/10005779455
In this paper, we analyze the trade war between two large countries when the trade policy is decided through majority voting. We show how the trade war equilibrium depends on the median voter production factor relative endowment. We compare this equilibrium to the one analyzed by Johnson where...
Persistent link: https://www.econbiz.de/10005779456
Persistent link: https://www.econbiz.de/10005779462
In this note, we consider a negotiation model wherein a simultaneous voting game, which endogenizes the choice of the bargaining procedur, is introduced.
Persistent link: https://www.econbiz.de/10005779482
The citizen-debate approach, proposed to study the performance of representative democracies, builds on a multi-stage game where the same agents are asked whether or not to become a candidate and, successively, to vote. Consistently, the solution concept adopted in Besley and Coate (1997)...
Persistent link: https://www.econbiz.de/10005779531
We consider a continuous-time variant of the classical Economic Lot-Sizing (ELS) problem. In this model, the setup cost is a continuous function with lower bound $K_min 0$, the demand and holding costs are integrable functions of time and the replenishment decisions are not restricted to be...
Persistent link: https://www.econbiz.de/10011094057
This paper introduces two set valued Nash equilibrium refinements that are a natural generalization of the concept of stable set of equilibria introduced in Kohlberg and Mertens (1986) and satisfy all the properties defined in Mertens (1989). It also establishes a connection between Nash...
Persistent link: https://www.econbiz.de/10011094061