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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …
Persistent link: https://www.econbiz.de/10011852503
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The economics of transboundary river management
Ansink, Erik; Houba, Harold - 2014
specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10010412473
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Efficient wage bargaining in a dynamic macroeconomic model
Böhm, Volker; Claas, Oliver - 2012
the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of ….\,e.\ bargaining power and production efficiency do not lead to temporary optimality. The dynamic evolution of money balances, prices …This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …
Persistent link: https://www.econbiz.de/10009514990
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The burning coalition bargaining model
Rogna, Marco - 2020
Persistent link: https://www.econbiz.de/10012415116
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Evolution of consistent conjectures in semi-aggregative representation of games, with applications to public good games and contests
Possajennikov, Alexandre - 2016
In a semi-aggregative representation of a game, the payoff of a player depends on a player's own strategy and on a personalized aggregate of all players' strategies. Suppose that each player has a conjecture about the reaction of the personalized aggregate to a change in the player's own...
Persistent link: https://www.econbiz.de/10011504952
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Evolution of strategies in repeated games with discounting
Veelen, Matthijs van - 2006
In repeated games there is in general a large set of equilibria. We also know that in the repeated prisoners dilemma there is a profusion of neutrally stable strategies, but no strategy that is evolutionarily stable. This paper investigates whether and how neutrally stable strategies can be...
Persistent link: https://www.econbiz.de/10011350373
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Strategic corporate social responsibility
Planer-Friedrich, Lisa; Sahm, Marco - 2017
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
Persistent link: https://www.econbiz.de/10011657756
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Conjectural variations in aggregative games : an evolutionary perspective
Possajennikov, Alexandre - 2012
Persistent link: https://www.econbiz.de/10009663477
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Evolutionary determinants of war
Konrad, Kai A.; Morath, Florian - 2013
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...
Persistent link: https://www.econbiz.de/10010198498
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Invader strategies in the war of attrition with private information
Metzger, Lars Peter - 2011
Second price allpay auctions (wars of attritions) have an evolutionarily stable equilibrium in pure strategies if valuations are private information. I show that for any level of uncertainty there exists a pure deviation strategy close to the equilibrium strategy such that for some valuations...
Persistent link: https://www.econbiz.de/10009748253