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The self-organization into cooperative regimes of a system of "selfish" agents playing the pairwise Prisoner's Dilemma game (PDG) is analyzed using a simple agent-based model. At each time step t, the agents divide into those who cooperate (C) and those who defect (D). The agents have no memory...
Persistent link: https://www.econbiz.de/10005292605
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In a neoclassical growth model with many regions and a mobile factor, two federal arrangements are considered. In the first federal arrangement the central government chooses a uniform tax policy, whereas in the second each regional government chooses its own tax policy. The main result is that...
Persistent link: https://www.econbiz.de/10005370935
-known paradigms in game theory: "the prisoner's dilemma" and "the stag hunt." The former strategy arises in a collateralized credit …
Persistent link: https://www.econbiz.de/10005372889
Maschler, Owen and Peleg (1988) constructed a dynamic system for modelling a possible negotiation process for players facing a smooth n-person pure bargaining game, and showed that all paths of this system lead to the Nash point. They also considered the non-convex case, and found in this case...
Persistent link: https://www.econbiz.de/10005375590
investment. Both theoretical and empirical studies have shown the sensibility of foreign direct investment decision with respect …
Persistent link: https://www.econbiz.de/10005382111
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This paper focuses on decision making related to the use of strategic thinking in dual sourcing. The general purpose is …
Persistent link: https://www.econbiz.de/10005078549
experimental results on humans playing a route choice game in a computer laboratory, which allow one to study decision behavior in … time-dependent response patterns, i.e. the evolution of more complex strategies. Our findings are relevant for decision …
Persistent link: https://www.econbiz.de/10005080922