Narrow search
Showing 1 - 10 of 112
Cover Image
14.123 Microeconomic Theory III, Spring 2009
Eso, Peter - 2009
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546
Cover Image
Dynamic stability in repeated games
Puente Díaz, Sergio - 2006
modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this …
Persistent link: https://www.econbiz.de/10012530129
Cover Image
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/10009452531
Cover Image
Monotonicity and Nash implementation in matching markets with contracts
Haake, Claus-Jochen; Klaus, Bettina - 2005
We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and...
Persistent link: https://www.econbiz.de/10009452484
Cover Image
Stability and Nash implementation in matching markets with couples
Haake, Claus-Jochen; Klaus, Bettina - 2008
We consider two-sided matching markets with couples. First, we extend a result by Klaus and Klijn (2005, Theorem 3.3) and show that for any weakly responsive couples market there always exists a "double stable" matching, i.e., a matching that is stable for the couples market and for any...
Persistent link: https://www.econbiz.de/10009452542
Cover Image
Market Power in the England and Wales Wholesale Electricity Market 1995-2000
Sweeting, Andrew - 2004
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was consistent with static, non-cooperative oligopoly models, which are widely...
Persistent link: https://www.econbiz.de/10009441995
Cover Image
Strategic Behavior on Financial Markets
Kannai, Yakar; Rosenmüller, Joachim - 2003
We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
Cover Image
The double monopoly has no Nash equilibrium
Böhm, Volker; Lensberg, Terje - 1991
Persistent link: https://www.econbiz.de/10009452458
Cover Image
Game Theoretic Bidding Strategies for Auctions in Green Electricity Markets
Ghosh, Dipayan - 2010
Electricity markets in the United States presently employ an auction mechanism to determine the dispatch of power generation units. In this market design, generators submit bid prices to a regulation agency for review, and the regulator conducts an auction selection in such a way that satisfies...
Persistent link: https://www.econbiz.de/10009429951
Cover Image
A Game Theoretic Modeling and Analysis for Internet Access Market
Shin, Seung-Jae; Correa, Hector; Weiss, Martin - 2002
In this paper, we study the local dial-up Internet access market using a game theoretic model. Inparticular, we consider the Nash equilibrium of the service providers and examine their behavioron investment and output level. We calibrate this model to fit the industry structure and datafound in...
Persistent link: https://www.econbiz.de/10009432833