equilibrium are examined for first and second price auctions in situations where bidders have different, uncertain, costs. This is … mark-ups applied systematically for each bidder in turn until equilibrium is reached. An extensive numerical analysis is … then applied to obtain equilibrium results for both mark-up values and expected profit from the simple symmetric case …

analytically the existence of a unique stable equilibrium by solving a linear quadratic differential game for three Regimes …

of road trauma. Furthermore, we found no mixed strategy equilibrium that would produce a lower level of trauma than the …

trade bloc. Based on a partial equilibrium trade model, we consider a game in production taxes/subsidies between two trade …

long as their payoffs increase. We derive a stable asymmetric equilibrium of Stackelberg leaders and followers that … predicts larger aggregate extraction than the symmetric Nash equilibrium but less than the complete rent dissipation scenario … subject’s behaviour extracted significantly more from the CPR, which is consistent with our evolutionary stable equilibrium …