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This paper discusses the way that different operational characteristics including existing capacity, scale economies, and production policy have an important influence on the capacity outcomes when firms compete in the market place. We formulate a game-theoretical model where each firm has an...
Persistent link: https://www.econbiz.de/10011097740
Game theoretic analysis of queueing systems is an important research direction of queueing theory. In this paper, we study the service rate control problem of closed Jackson networks from a game theoretic perspective. The payoff function consists of a holding cost and an operating cost. Each...
Persistent link: https://www.econbiz.de/10011097770
Horizontal collaboration among shippers is gaining traction as a way to increase logistic efficiency. The total distribution cost of a logistic coalition is generally between 9% and 30% lower than the sum of costs of each partner distributing separately. However, the coalition gain is highly...
Persistent link: https://www.econbiz.de/10011097830
The paper surveys the literature on cooperative advertising in marketing channels (supply chains) using game theoretic methods. During the last decade, in particular, this literature has expanded considerably and has studied static as well as dynamic settings. The survey is divided into two main...
Persistent link: https://www.econbiz.de/10011097856
This paper presents a new formulation of (approach to) threat analysis and management of security understood in a wide sense. Threats have been analyzed in a wide theoretical-methodological spectrum. Particular emphasis is put on the need for the system-wide analysis of threats, especially...
Persistent link: https://www.econbiz.de/10011098740
The first step in solving the problem of corruption lies in diagnosing its root causes and determining the underlying factors. One of the most important facilitators of corrupt transactions is intermediaries who make corrupt dealings less risky, thereby increasing corruption. Even worse, there...
Persistent link: https://www.econbiz.de/10011099961
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This article presents a stochastic dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The major gas chain players are depicted including: producers, consumers, storage, and pipeline operators, as well as intermediate local traders. Our economic structure...
Persistent link: https://www.econbiz.de/10011106572
In this paper, we use experimental data to study players' stability in normal-form games where subjects have to report beliefs and to choose actions. Subjects saw each of 12 games four times in a regular or isomorphic form spread over two days without feedback. We document a high degree of...
Persistent link: https://www.econbiz.de/10011107567